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OZ takes advantage of higher copper price, lifts 2018 guidance

By: Megan van Wyngaardt     17th January 2018 ASX-listed OZ Minerals has marked 2017 as a year of strong production and financial performance, with the miner reporting on Wednesday that it had achieved its copper production guidance for the third consecutive year, and that it had exceeded its gold guidance. Noting that it had made... 

Port Elizabeth manganese export terminal to be transferred to Port of Ngqura

By: Anine Kilian     12th January 2018 State-owned Transnet has confirmed that its manganese export facility at the Port of Port Elizabeth will be transferred to the neighbouring Port of Ngqura by October 2023, where the commodity will continue to serve as an important catalyst for economic growth and development. During a site visit... 

Port Hedland clearing out ships as Cyclone Joyce intensifies

By: Reuters     11th January 2018 Australia's Port Hedland iron-ore terminal expects to clear all remaining vessels from its harbour by 10:30 GMT as a safety measure after a tropical cyclone intensified off the nation's western coast on Thursday, Pilbara Ports Authority said. The port's biggest user, global mining giant BHP,... 

BCI Minerals signs MoU with Sinosteel to develop Buckland

By: Megan van Wyngaardt     10th January 2018 Australian iron-ore miner BCI Minerals has signed a non-binding memorandum of understanding (MoU) with Sinosteel Australia to support the development of BCI's 100%-owned Buckland project in the West Pilbara region. The project comprises proposed mines, a private haul road and a new port at Cape... 

Port Hedland may clear ships as storm builds off Australia - port authority

By: Reuters     10th January 2018 essels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may commence the clearing of vessels... 

Tharisa enters 2018 with a bang

By: Martin Creamer     10th January 2018 The market fundamentals for chrome remain sound with continued growth forecast for the global stainless steel industry, Tharisa said on Wednesday, when it reported a strong operational performance in the three months to December 31. The Johannesburg Stock Exchange-listed chrome and platinum group... 

Top iron-ore port ships half billion tons as bears call time

By: Bloomberg     9th January 2018 Iron-ore cargoes from Australia’s Port Hedland, the world’s biggest bulk export terminal, jumped to an all-time high of almost half a billion metric tons last year, offering fresh evidence of burgeoning global supply at a time when bearish forecasts for the commodity are stacking up. Exports... 

Adani Australia port must refinance soon or face rating cut

By: Bloomberg     9th January 2018 An Australian deep water port linked to one of the world’s biggest planned coal mines should lock in refinancing within six months of a loan maturing in November to safeguard credit ratings on its debt, according to S&P Global Ratings. Adani Abbot Point Terminal in Australia’s Queensland state,... 

China's steel futures fall as snow to curtail construction demand

By: Reuters     4th January 2018 China's steel rebar futures fell on Thursday, breaking a three-day rising streak, on concerns of waning demand in the construction sector because of snow forecasts in the northern part of the country. Cold weather is expected to hit regions across China in the coming week, bringing snow and rain... 

Vale to retain port terminal stake in rejigged Mosaic deal

By: Henry Lazenby     3rd January 2018 Brazilian diversified major Vale will retain a stake in the TIPLAM port terminal, in southeast Brazil, under terms of an adjusted $2.5-billion deal with The Mosaic Co to sell certain of its fertiliser assets. Vale advised on Tuesday that the sale of Vale Fertilizantes to Mosaic is now expected to... 

Champion ramps up Bloom Lake activity, first train to roll by March

By: Henry Lazenby     30th December 2017 Activities are ramping up at the Bloom Lake mine, in near Fermont, Quebec, with preparations well under way towards the ultimate goal of sending off the first fully laden train of iron-ore by the end of February, or early March. “The highlights have been coming thick and fast this year,” Champion... 

Shippers benefit as China laps up Brazilian iron-ore

By: Reuters     29th December 2017 US dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron-ore from Brazil and Australia. To combat severe winter smog, China has slashed iron-ore output, pushing steel mills in the world's second biggest economy to... 

Africa development body, funds see opportunity in mining infrastructure

By: Reuters     22nd December 2017 With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with investment funds to help fill the gap. The Nigerian-based Africa Finance Corporation has already expanded its debt or equity... 

Money hungry Nautilus weighs funding options as project challenges mount

By: Henry Lazenby     22nd December 2017 Marine mining pioneer Nautilus Minerals is in active discussions with a range of potential financiers and shareholders to secure the funding required to start mining the Solwara 1 project, offshore Papua New Guinea (PNG), the company said on Thursday. The company has thus far been unsuccessful to... 

Alderon resolves Kami’s Sept-Îles take-or-pay headache

By: Henry Lazenby     20th December 2017 Iron-ore project developer Alderon Iron Ore has reached an agreement with the Sept-Îles Port Authority to resolve a take-or-pay obligation for reserved annual iron-ore loading capacity. In lieu of any further take-or-pay obligations, the port authority will hold on to the C$20.46-million security... 

Pilbara Minerals signs deals with GAMG, Atlas Iron for lithium

By: Megan van Wyngaardt     20th December 2017 Australian lithium developer Pilbara Minerals has entered into an offtake agreement with Global Advanced Metals (GAMG) for the sale of 100 000 lb of contained tantalum pentoxide-in-concentrates from its 100%-owned Pilgangoora lithium/tantalum project in Western Australia, over a two-year term.... 

ELB creates value with high iron ore product qualities

     19th December 2017 ELB Engineering Services (ELB) is pleased to announce that it has been awarded a contract in the Northern Cape, to set up a 200tph Dense Media Separator (DMS) Plant, which is capable of handling and beneficiating around 1 million tonnes of -32mm iron ore per year. This project will beneficiate... 

Fast-paced developments at Prieska benefit all stakeholders

By: Robyn Wilkinson     15th December 2017 Australian minerals explorer Orion Minerals’ activity at the Prieska zinc/copper mine present an “unparalleled” value creation opportunity for investors and shareholders while promoting and supporting critical socioeconomic development in the Northern Cape, says Orion Minerals MD Errol Smart.  

Mineral Resources says bid for AWE takes into account gas reserve upside

By: Reuters     14th December 2017 Mineral Resources on Thursday said the size of its all-share bid for Australian gas producer AWE, worth A$477-million, took into account that its target may hold bigger gas reserves than currently estimated. AWE said last month that its Waitsia find, which it has called Australia's biggest... 

Steel tycoon considers bid for Rio Tinto's Dunkirk aluminum smelter - sources

By: Reuters     14th December 2017 Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminium smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. The Dunkirk plant, which the... 

Queensland Premier vetoes NAIF funding for Carmichael project

By: Mariaan Webb     12th December 2017 Queensland Premier Annastacia Palaszczuk has followed through on her election promise to exercise the state’s veto over funding from the North Australian Infrastructure Facility (NAIF) for a rail link associated with the Carmichael coal mine. Palaszczuk, whose government was sworn in on... 

More than 100 jobs on offer at Rio Tinto’s Weipa mines

By: Creamer Media Reporter      12th December 2017 Diversified miner Rio Tinto has launched a recruitment drive for more than 100 new roles at its bauxite mines on the western Cape York Peninsula in Queensland. The opportunities are available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new... 

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Resgen signs coal offtake agreement with Noble

By: Dylan Slater     11th December 2017 Coal miner Resource Generation’s (Resgen’s) Ledjadja Coal Limited (LCL) subsidiary has signed an offtake agreement with energy products company Noble Resources International for the supply of additional uncontracted coal to be produced at the Boikarabelo mine, in South Africa’s Waterberg region 

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... 

Exploration for, and production of, valuable minerals in Mozambique continue to advance

By: Keith Campbell     8th December 2017 There have been a number of recent developments involving smaller mining companies, both local and foreign, in Mozambique recently. These involve both exploration and production activities.  

Surge in international iron-ore prices changing Indian market dynamics

By: Ajoy K Das     7th December 2017 The sharp rebound in international iron-ore prices over the last month is changing dynamics of the Indian market, with imports of the steel-making ingredient surging and local miners hiking prices. India’s largest miner, the government-owned and -operated NMDC has increased the domestic sales... 

Billionaire's mine financing hurdles fuel bondholder jitters

By: Bloomberg     7th December 2017 The Indian conglomerate Adani Enterprises is learning how one financing problem can lead to headaches for debt investors elsewhere as it tries to secure money for one of the world’s biggest coal mines. Three of China’s largest banks this week ruled out any involvement in financing the mine in... 

Fortescue awards Port Hedland towage operator contract

By: Mariaan Webb     6th December 2017 Iron-ore mining company Fortescue Metals has appointed Kotug Australia as its towage services operator for the port of Port Hedland. The new contract, which was awarded following a competitive tender process, will see Kotug supply an additional three tug boats to complement Fortescue’s six new... 

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 

Vale confirms Moatize production target, while govt seeks artisanal mining cooperatives

By: Keith Campbell     1st December 2017 A senior executive of Vale Moçambique, the Mozambican subsidiary of Brazilian major mining group Vale, has told local journalists that the company’s production target for its Moatize coal operation this year is 13-million tons of both metallurgical and thermal coal. This will be a 120% increase... 

Ancuabe graphite project’s mineral resources increases by 59%

By: Megan van Wyngaardt     30th November 2017 The mineral resource at ASX-listed Triton Minerals’ Ancuabe graphite project, in Mozambique, has increased by 59% to 44-million tonnes, at an average grade of 6.6% total graphitic content (TGC). This follows a “highly successful” exploration and resource definition drilling campaign undertaken... 

Indian oil refineries exploring possibility of importing Venezuelan crude

By: Ajoy K Das     29th November 2017 Close on the heels of an offer from Venezuelan national oil company, Petreos de Venezuela SA (PDVSA), to repay its debt in kind, Indian government-owned and -operated oil marketing companies (OMCs) are relooking at the operational viability of using Venezuelan crude as feedstock. Sources say that... 

Vale, partner Mitsui ink $2.7bn Nacala coal corridor funding

By: Henry Lazenby     28th November 2017 Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press... 

Feasibility study boosts Lincoln’s Kookaburra Gully graphite project prospects

By: Megan van Wyngaardt     27th November 2017 A feasibility study has found in favour of developing what is likely to be Australia’s only operating graphite mine when construction and commissioning work begins towards the second half of next year. ASX-listed Lincoln Minerals on Monday announced the outcomes of the study, which focused on... 

Syrah moves into operations at Mozambique mine

By: Mariaan Webb     24th November 2017 Australia-based Syrah Resources has produced its first saleable flake graphite from the Balama project, in Mozambique, and is now targeting production of 160 000 t to 180 000 t next year. The first bagged saleable flake graphite production was produced within an expected grade range of more than... 

Increasing demand for variable-speed drives

By: Simone Liedtke     24th November 2017 Following the successful commissioning of two MoviDrive B ventilation and air conditioning variable-speed drives (VSDs) at an underground mine in the North-West, in South Africa, drive engineering specialist SEW-Eurodrive South Africa will commission an additional four of its MoviDrive B drives... 

Rally behind Ramaphosa’s inspiring ‘New Deal’ speech

By: Martin Creamer     24th November 2017 Deputy President Cyril Ramaphosa made several crucial points in his highly significant ‘New Deal’ speech in Soweto last week. Delivered only week’s away from the important 54th National Conference of the African National Congress, the 'New Deal' speech has all the hallmarks of a blueprint for the... 

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