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Topic

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... 

Copperbelt Energy of Zambia eyes $250m power investment

By: Bloomberg     20th June 2018 Copperbelt Energy Corp, the Zambian electricity supplier with customers including Glencore’s copper mines, may invest as much as $250-million in solar projects and transmission lines in the neighboUring Democratic Republic of Congo (DRC), CEO Owen Silavwe has said. The amount includes two solar... 

PEA completed for South America’s ‘most advanced’ PGM project

By: Creamer Media Reporter      18th June 2018 A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net... 

Rio spending $2.2bn on iron-ore supply

By: Esmarie Swanepoel     18th June 2018 Diversified miner Rio Tinto on Monday revealed that it will be spending some $2.2-billion over the next three years on replacement mines for its iron-ore operations in the Pilbara, including initial spending on the proposed Koodaideri, West Angelas and Robe Valley developments. Rio’s iron-ore... 

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... 

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... 

Cleveland-Cliffs exits Australian iron-ore

By: Mariaan Webb     12th June 2018 Iron-ore pellet producer Cleveland-Cliffs has reached the final step in the implementation of its US iron-ore-centric strategy with the announcement on Tuesday that it would sell its Australian iron-ore business. The Cleveland, Ohio-based firm has reached an agreement with Australian mining... 

Bellzone starts exploratory discussions to maximise Guinea assets’ value

By: Marleny Arnoldi     11th June 2018 Aim-listed Bellzone Mining has started discussions with a number of parties to explore options to potentially maximise the net present value (NPV) of its major assets, including the Konta port, its ferronickel project and the Kalia iron-ore project, all in Guinea.  

Pembridge, Japanese trading house enter into $30m offtake financing arrangement

By: Simone Liedtke     11th June 2018 LSE-listed Pembridge Resources has signed definitive heads of terms with a global Japanese trading house to receive $30-million in prepayment financing through an offtake financing agreement for 125 000 t of copper concentrate to be produced at the Minto copper/gold/silver mine, in Canada. The... 

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

World Mining Congress 2018: A driver for developing mining industry in Kazakhstan

11th June 2018 There is less than two weeks left before the start of the key world event in the mining and metallurgical industry - the 25th World Mining Congress, which will be held in Astana. Such a large-scale event of world significance will be held for the first time not only in Kazakhstan, but also in the... 

Coal rallies to six-year high as heatwave fires up China demand

By: Bloomberg     8th June 2018 The heat is on in the global coal market. Prices of Newcastle coal are at the highest level since 2012 after surging 24% since mid-April to $112.05 a metric ton on Thursday as China maintains robust demand during unseasonably hot weather. Despite measures imposed by the top user to cool soaring... 

Victoria seeks to unlock more affordable gas for residents

By: Esmarie Swanepoel     8th June 2018 The Victorian government is hoping to unlock more gas supply to provide residents in the state with greater access to affordable gas. The state government on Friday announced that the Victorian Gas Programme (VGP) will be encouraging new commercial offshore gas exploration through the release of... 

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... 

Resources company on target for PFS completion

By: Melissa Zisengwe     8th June 2018 Diversified resources company Savannah Resources says the company is well on target to complete the Mutamba prefeasibility study (PFS) in early 2019, as stage one of the PFS is well advanced and includes a gap analysis, an options review, project planning and budget finalisation for stage two of... 

Afrimat sets sights on midtier mining niche as it eyes bulk commodities

By: Irma Venter     8th June 2018 “The fact that ArcelorMittal, Aveng, Group Five and Basil Read today have a smaller combined market capitalisation than a ‘little’ quarry company such as Afrimat, shows you that the economy is in trouble,” says Afrimat CEO Andries van Heerden. “Not long ago any one of them was twenty times our... 

ELB to supply two mobile ship loaders to Transnet Port Terminals’ Saldanha Terminal

6th June 2018 ELB Engineering Services (Pty) Ltd (ELB), is pleased to announce that they have been awarded the contract to design, supply, install and commission two mobile ship loaders at Transnet Port Terminals’ (TPT) Saldanha Terminal – a strategic node of the movement of iron ore in South Africa. The ship... 

ELB welcomes Josh Hodgkinson as Implementation Engineer - Intelligent Solutions

6th June 2018 ELB Engineering Services (Pty) Ltd (ELB), is pleased to announce that Josh Hodgkinson has been appointed as Implementation Engineer – ELB Intelligent Solutions (EIS), to help drive the business into the 4th Industrial Revolution. Josh has work experience in over 12 different countries, graduating... 

AIE selects Port Kembla for A$300m LNG import terminal

By: Esmarie Swanepoel     5th June 2018 The Australian Industrial Energy (AIE) consortium has selected Port Kembla, in New South Wales, as the site for the first A$300-million liquefied natural gas (LNG) import terminal. The proposed terminal will have the ability to supply more than 100 PJ/y of LNG, sufficient to meet over 70% of... 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

Mining resumes at Avanco’s Brazil mine

By: Mariaan Webb     4th June 2018 Mining operations have resumed at the Antas mine in strike-hit Brazil, after fuel and other supplies started flowing into Parauapebas. The Antas mine, which was shut last week amid a crippling truck driver strike, is functioning on a normal roster, ASX-listed Avanco said on Monday. 

On-The-Air (01/06/2018) 

By: Martin Creamer     1st June 2018 Former Energy Director-General Nelisiwe Magubane this week called for clean coal technology to be introduced to stave off litigation; Vigorous new investment in junior mining is scheduled to begin in the third quarter of this year and The positive role platinum can play to clean the world’s air... 

Capital deployment into junior mining set for Q3 start – Aluwani

By: Martin Creamer     29th May 2018 The first close of capital acceptance is in sight for the new junior mining fund launched earlier this year by Aluwani Capital Partners, the independent black-owned investment management business that aims to make a lasting impact in South Africa and the rest of the African continent. Capital... 

Avanco cuts Antas production

By: Esmarie Swanepoel     29th May 2018 Plant operations and most mining activities have been suspended at the Antas openpit mine, in Brazil, as a strike by truck drivers drags on. ASX-listed Avanco Resources has previously warned that operations at Antas would be affected by the strike, as fuel and consumables failed to be delivered... 

Kinder Morgan cleans up Trans Mountain spill as high noon looms

By: Henry Lazenby     29th May 2018 Canadian pipeline operator Kinder Morgan reported on Sunday that it is clearing medium crude blend from the Darfield pump station along the existing Trans Mountain pipeline, near Barriere, British Columbia, after oil spilled early on Sunday morning. Trans Mountain, owned by Kinder Morgan, said in... 

Indian state leader says will take all steps to shut down Vedanta's copper smelter

By: Reuters     28th May 2018 India's Tamil Nadu state deputy head said on Monday his government would take all steps to permanently shut a copper smelter run by London-listed Vedanta Resources after deadly protests demanding its closure on environmental grounds. Residents and environmental activists say emissions from the... 

Cimic wins A$100m contract at Century mine

By: Esmarie Swanepoel     28th May 2018 Project house Cimic Group’s mineral processing company Sedgman has been awarded a five-year, A$100-million operations and maintenance contract at the Century zinc mine, in Queensland. Sedgman will be responsible for operating and maintaining the Lawn Hill processing plant, concentrate pipeline... 

ELB Continues To Provide Know How Solutions To Multiple Sectors

24th May 2018 ELB announces the award of Debmarine-M.V. Grand Banks and completes Assmang’s Black Rock Projects, the Sack Tipping Unit for Unilever Nigeria and Colleen Bawn Clinker Loading in Zimbabwe ELB Engineering Services (ELB) is pleased to announce that it has been awarded the drying system for the M.V.... 

Coega perfectly poised to participate in lithium-ion battery industry – CDC

By: Simone Liedtke     23rd May 2018 The Coega Special Economic Zone (SEZ) is at an advanced stage of setting up factories that will supply gigawatt factories with manganese, a key ingredient in most lithium-ion batteries. Coega Development Corporation (CDC) business development metallurgic sector manager Sadick Davids says the SEZ... 

Avanco warns of cuts at Antas

By: Esmarie Swanepoel     23rd May 2018 Copper miner Avanco has warned shareholders that it might scale back operations at its Antas openpit mine, in Brazil, due to a nation-wide truck driver strike. The miner said on Wednesday that a prolonged strike could adversely impact the supply of consumables for mining and processing... 

Harmony poised to hit 1.5m oz target – CEO 

By: Martin Creamer     22nd May 2018 Gold mining company Harmony Gold is well on track to hit its target of 1.5-million ounces of gold a year. The two big steps needed to ensure this – the acquisition and recapitalisation of the Hidden Valley gold mine in Papua New Guinea (PNG), and the acquisition of the Moab Khotsong in South... 

Kodal extends Sogola-Baoule prospect

By: Simone Liedtke     21st May 2018 West Africa focussed Kodal Minerals has extended its Sogola-Baoule prospect’s strike length at the company’s Bougouni lithium project, in southern Mali, to over 1 000 m, following results from 15 reported drill holes in March. The mineral exploration and development company further highlighted... 

Kropz clinches offtake from phosphates project

By: Martin Creamer     21st May 2018 Plant nutrient minerals development company Kropz, which is developing the Elandfontein phosphates mining and processing project in the Western Cape, has secured several offtake agreements ahead of production. The cornerstone offtake agreement, for about a third of its production at market prices... 

Rio gets accreditation for AutoHaul

By: Esmarie Swanepoel     18th May 2018 Mining major Rio Tinto has been granted accreditation by the Australian Office of the National Rail Safety Regulator, approving its autonomous operation of trains at its iron-ore operations, in Western Australia. Rio implemented autonomous trains at its Pilbara operations in the first quarter of... 

Nyrstar and South Australia disagree on loan repayment

By: Esmarie Swanepoel     18th May 2018 Belgium-based mining and metals group Nyrstar has maintained that it was within its legal rights to defer repayments on a loan to upgrade the Port Pirie smelter, after South Australian Treasurer Rob Lucas threatened the company with legal action. The redeveloped Port Pirie smelter was opened in... 

Mayskoye mine, Russia

By: Thabi Madiba     18th May 2018 A gold mine located in the Chaunski district of the Chukotka Autonomous region, in Russia. 

Congo billionaire seeks French loan to develop iron-ore railway

By: Bloomberg     17th May 2018 Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he’s building to export iron-ore. Obambi’s company Sapro SA is negotiating with “a consortium of banks” to finance the 450-km track that will link the southwestern town of Mayoko to a... 

Ammarroo slated for a 2019 construction - Verdant

By: Esmarie Swanepoel     17th May 2018 A feasibility study into the Ammarroo phosphate project, in the Northern Territory, has proven the project to be technically feasible, ASX-listed Verdant Minerals reported on Thursday. The feasibility study considered a Stage 1 development to produce one-million tonnes a year of phosphate rock... 

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