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Zinc miner secures its position in global top ten producers

By: Robyn Wilkinson     15th December 2017 Zinc miner Trevali Mining Corporation has added high-quality zinc production to its existing portfolio and expanded its asset and geographic diversification this year, securing its position as a global top-ten zinc producer. 

Christo Visser

By: Martin Creamer     15th December 2017 This week Mining Weekly features Christo Visser, the newly appointed senior VP origination covering Australia, South East Asia, Russia and the CIS 

Economic resilience encouraged 

     14th December 2017 Deputy President Cyril Ramaphosa has emphasised the urgent need for South Africa to break the ongoing deadlock on the regulation and transformation of the mining sector, while United Nations Conference on Trade and Development has warned that, without policy change, commodity-dependent developing... 

Liviero Mining Chooses Komatsu For Performance, Efficiency And Cost

     14th December 2017 Jan Steyn, Plant Director at Liviero Mining, was one of a number of executives from major South African mining and construction houses that recently returned from an intensive fact-finding visit to Komatsu headquarters in Japan. Liviero Mining is a subsidiary of the Liviero Group, widely... 

Glencore’s Lady Loretta restart adding to regional jobs prospects

By: Mariaan Webb     13th December 2017 News that diversified miner Glencore is restarting its Lady Loretta zinc mine in north-west Queensland is adding to a regional jobs story, with 250 people to find employment as a result of the miner’s decision to resume phased production next year. “What we are seeing right across commodities is... 

Africa's Sula Iron and Gold changes gear with DRC cobalt licence

By: Reuters     12th December 2017 Junior explorer Sula Iron and Gold plans to change its name to African Battery Metals, reflecting a shift in focus after it bought a controlling stake in a cobalt licence in Democratic Republic of Congo (DRC). The deal, which needs to be approved by shareholders later this month, would make Sula... 

Seasonal battery demand, tight supply to buoy lead prices

By: Reuters     12th December 2017 Seasonally strong demand from battery makers, tight supplies caused by mine shutdowns and dwindling inventories in London Metal Exchange warehouses are expected to sustain lead prices, which recently hit six-year highs. Benchmark lead on the London Metal Exchange at around $2 500/t is up about... 

Congo mines say revised code threatens industry's future

By: Reuters     12th December 2017 Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on... 

Congolese lower house adopts new mining code that increases taxes

By: Reuters     11th December 2017 The Congolese lower house of parliament has adopted a new mining code that will increase taxes and royalties, two members of parliament and an aide to the speaker said. The code had originally been proposed in 2015, but was shelved because of fierce objections from mining companies, which... 

Glencore says signs labour pacts at most of its Australian coal mines

By: Reuters     8th December 2017 Global miner Glencore on Friday said it had reached new labour agreements with workers at 13 of its coal mines in Australia, ending months of negotiations over wages and benefits. The agreements are in the process of being finalised and include each of Glencore's Hunter Valley collieries in New... 

Environmental permit bodes well for project financing

     8th December 2017 Iron-ore explorer and developer Zanaga Iron Ore Company (ZIOC) expects the environmental permit for its iron-ore project from the Republic of Congo’s ministry of environment to help attract finance to enable the valuable resource to be brought into production. A joint venture with natural... 

Ireland-based Connemara Mining to advance exploration on key gold, zinc prospects

By: Mia Breytenbach     8th December 2017 Irish gold and zinc explorer Connemara Mining aims to further advance exploration activities on key gold and zinc prospects, following the successful execution of several drilling programmes at these projects, Connemara Mining CEO Patrick Cullen tells Mining Weekly. Connemara currently holds... 

Former South African Reserve Bank governor joins Glencore board

By: Creamer Media Reporter      7th December 2017 Diversified mining group Glencore has appointed the former governor of South Africa’s Reserve Bank, Gill Marcus, to its board as a nonexecutive director. Announcing the appointment on Thursday, chairperson Tony Hayward said that Marcus would be an asset to the Glencore board. 

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

NUM reaches wage deal with Kangra Coal Mine, ends strike

By: African News Agency      1st December 2017 South Africa's National Union of Mineworkers (NUM) said on Friday it had signed a three-year wage agreement with Kangra Coal Mine, effectively ending a week-long strike. In a statement, NUM said the two parties agreed on a R600 wage increase for 2017, and 7% rises for the following two years... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once- in-a-lifetime investment opportunities among the four key ‘energy metals’ –... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Cloncurry offtake deal key to accelerating mine development – Altona

By: Mariaan Webb     30th November 2017 Australia’s Altona Mining, which is being bought out by Canada’s Copper Mountain, reported on Thursday that it had executed an offtake agreement with Glencore for the sale of copper/gold concentrates to be produced at the Cloncurry project, in north-west Queensland. Glencore, operates the Mt Isa... 

Zambia's State-controlled investment firm wants bigger stake in copper mines

By: Reuters     30th November 2017 Following the sharp rise in copper prices this year Zambia's state-controlled firm ZCCM Investments Holdings wants to increase its stakes in the country's mines and also expects higher dividend payments, its chief executive said on Wednesday. ZCCM-IH, which was formerly called Zambia Consolidated... 

Glencore, Chad are said to deadlock on $1bn debt deal

By: Bloomberg     29th November 2017 Talks between Chad, Glencore and a group of banks to restructure more than $1-billion in debt have stalled after the African nation rejected the commodities trader’s latest proposal to delay repayment of an oil-for-cash loan, according to people familiar with the negotiations. The negotiations... 

Volkswagen's talks with cobalt producers end without deal

By: Reuters     28th November 2017 Meetings last week between major cobalt producers including mining giant Glencore to supply the world's largest automaker Volkswagen with the material used to make batteries for electric vehicles ended without a deal, cobalt industry sources said. In September, Reuters reported exclusively that... 

Union for striking workers reaches tentative labour deal at Quebec zinc refinery

By: Reuters     24th November 2017 The United Steelworkers said on Thursday it reached a tentative agreement with Noranda Income Fund on a new labour deal for 371 striking workers at a zinc refinery in Salaberry-de-Valleyfield, Quebec. Zinc output at the plant, operated by a subsidiary of global mining giant and trader Glencore,... 

Volkswagen is said to step up bid for cobalt for electric cars

By: Bloomberg     23rd November 2017 Volkswagen AG is stepping up its hunt for long-term supplies of battery metals it will need to help power electric cars across its entire range. The top automaker invited producers and traders of cobalt, one of this year’s best-performing metals, for talks at its German headquarters this week,... 

In shadow of Opec's noisy oil cuts, Asia's miners quietly tightened coal supplies

By: Reuters     22nd November 2017 Australian and Indonesian miners have quietly done in the last two years what Opec has been shouting about: tighten coal markets and prop up prices. The informal coal output reductions, unlike the official cuts in place since January led by the Organization of the Petroleum Exporting Countries... 

Aurelia raises A$70m to fund Peak mines acquisition

By: Mariaan Webb     22nd November 2017 New South Wales-based explorer and developer Aurelia Metals has received strong support from investors for its capital raising to fund the acquisition of the Peak mines, in Cobar, from Canadian miner New Gold. An oversubscribed institutional placement raised A$70-million, which together with a... 

Glencore sees nickel in best shape in decade before EVs take off

By: Bloomberg     21st November 2017 Glencore is seeing the best market conditions for nickel in at least a decade, and electric cars are barely playing a part yet. The miner and trading giant expects nickel’s 2017 deficit at 170 000 metric tons -- one of the biggest in years and more than most market estimates – to be driven by a... 

Glencore CFO to assist Katanga in strengthening its corporate governance

By: Natasha Odendaal     20th November 2017 JSE- and LSE-listed Glencore has nominated three directors, including its CFO Steve Kalmin, to serve on the board of subsidiary company, TSX-listed Katanga Mining. The three directors will work with Katanga’s independent directors to implement the required remediation measures to strengthen... 

Zambian mining sector edging closer to ‘zero harm’

By: Nadine James     17th November 2017 The atmosphere at the Zambian mining industry’s third annual Health and Safety Conference, held in Ndola on November 2 and 3, was particularly positive as, at the time, the industry was firmly on course for a fatality-free year, the Zambia Chamber of Mines (ZCM) reports. This was significant, as... 

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Trevali stock takes a dip on surprise Q3 loss

By: Henry Lazenby     15th November 2017 Zinc producer Trevali Mining has had a tough day on the TSX, seeing its stock dive as deep as 7.3% during intraday trading after the company reported a net loss of $7.8-million, or $0.01 a share for the three months ended September. The Vancouver-based zinc producer attributed the net loss mainly... 

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... 

Govt, NGOs, industry combining to fend off acid mine water threat

By: Ilan Solomons     10th November 2017 Acid mine drainage (AMD) is regarded as one of the greatest environmental challenges ever faced by South Africa, says Department of Water and Sanitation (DWS) mine water management chief director Marius Keet. During a recent seminar on the need to rehabilitate mine-contaminated ecosystems, he... 

One of the world's biggest miners is about to go coal free

By: Bloomberg     10th November 2017 Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily backtracking from coal to focus on better assets. It’s now... 

Govt, NGOs and industry joining forces to fend off acid mine water threat

By: Ilan Solomons     10th November 2017 Acid mine drainage (AMD) is regarded as one of the greatest environmental challenges ever faced by South Africa, says Department of Water and Sanitation (DWS) mine water management chief director Marius Keet. During a recent seminar on the need to rehabilitate mine contaminated ecosystems, he... 

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... 

Alderon confident in Kami project economics, sans Wabush pits

By: Henry Lazenby     7th November 2017 Maritime Canada-focused project developer Alderon Iron Ore has published details of an updated preliminary economic assessment (PEA) on the Rose deposit of its flagship Kamistiatusset project, located in the high-grade iron-ore rich Labrador Trough of Western Labrador. The latest PEA is an update... 

ATO probing possible Australian links in Paradise Papers

By: Esmarie Swanepoel     7th November 2017 The Australian Taxation Office (ATO) said this week that it would continue to work closely with other tax administrations to share intelligence in the wake of the so-called Paradise Papers release. The ATO also said that it had started analysing intelligence to identify possible Australian links. 

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

By: African News Agency      1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

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