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Kinder Morgan pipeline expansion investment untenable – CEO

By: Henry Lazenby     19th April 2018 The CEO of Kinder Morgan Steven Kean has conceded that the C$7.4-billion twinning of the existing Kinder Morgan crude oil pipeline between Alberta and British Columbia “may be untenable for a private party to undertake”. He made the comments during the company’s first-quarter conference call on... 

Resources Watch  

     19th April 2018 This week: Strong rand eroding South African gold mines’ margins And, underground rail transport at local mines not being prioritised 

Australia to amend $3.9bn infrastructure fund in bid to develop country's north

By: Reuters     18th April 2018 Australia will amend the guidelines for a A$5-billion ($3.9-billion) fund that offers loans to build infrastructure in the country's north so it can offer greater support to a broader range of projects, a government minister said on Wednesday. The changes will aid a bid to develop Australia's... 

Gensource offtake MoUs signal supply malaise in N American potash market

By: Henry Lazenby     14th April 2018 The fact that junior Canadian start-up Gensource Potash has been able to secure two memoranda of understanding (MoUs) from separate US offtake partners that support the establishment of a new and independent supply of potash, speaks to a certain malaise in the continent’s crop nutrient market.... 

Aspire hopes to finalise rail FS

By: Esmarie Swanepoel     13th April 2018 Coal developer Aspire Mining and its rail subsidiary Northern Railways have entered into a memorandum of understanding (MoU) with China Gezhouba Group International Engineering Company (CGGC) to advnce the Erdenet to Ovoot rail project. The parties have agreed to work quickly to finalise the... 

Burkina Faso to end Timis unit's $1bn manganese deal

By: Bloomberg     12th April 2018 Burkina Faso will proceed with plans to end its agreement with a unit of Timis Mining Corp. to mine a $1-billion manganese deposit even though a dispute about the operation is still pending at the International Court of Arbitration. The West African nation will give Pan African Minerals 90-days... 

Mining in sub-Saharan Africa region to remain riskiest globally – BMI

By: Simone Liedtke     11th April 2018 Sub-Saharan Africa’s mining sector will remain the riskiest in the world over the coming quarters as regulatory uncertainty rises in various markets across the region, says BMI Research. In addition to increasing regulatory uncertainty, the region will also witness challenges stemming from... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Swanepoel     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

Engineering firm to launch raise mining offering for Africa

     6th April 2018 Mining contracting and engineering firm Redpath Mining Africa, in partnership with Redpath Mining Australia, is gearing up to launch a new raise mining offering and adding the new Redbore 65 raise drill to its fleet of Raisebore drilling equipment in Africa from the fourth quarter of this year.... 

Sub-Saharan African mining sector to continue facing illegal mining challenges, regulatory risks

By: Marleny Arnoldi     3rd April 2018 Widespread illegal mining activity and rising regulatory risks are two of the biggest challenges that will face the sub-Saharan Africa mining sector in the coming months, research and analysis firm BMI Research says.  

Underground rail transport at local mines not being prioritised  

By: Paige Müller     30th March 2018 Underground rail infrastructure at South African mines is not operating at its full potential, predominantly owing to poor track-system choices and a lack of critical maintenance, says multidisciplinary engineering consultancy firm WSP Africa technical director of rail transport and... 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

Vale’s Moz operation goes positive for the first time in years

By: Rebecca Campbell     29th March 2018 Last year, for the first time since 2010, Brazilian mining group Vale’s Moatize coal operation in Mozambique recorded positive earnings before interest, taxes, depreciation and amortisation (Ebitda). Moatize is now the group’s only coal operation, following the sale of its last Australian coal... 

‘Cyclone Aurizon’ to have double the impact of last year’s Debbie – QRC

By: Esmarie Swanepoel     28th March 2018 The Queensland Resources Council (QRC) on Wednesday warned that freight operator Aurizon’s plans to introduce a revised maintenance plan could reduce coal exports by A$4-billion, and could cut coal royalties by A$500-million a year. Aurizon earlier this month issued an update on the capacity... 

Qld opens North West for exploration

By: Esmarie Swanepoel     28th March 2018 The Queensland government has opened up more than 1 000 km2 in the state’s North West minerals province for exploration. Mines Minister Dr Anthony Lynham on Wednesday announced the release of four areas totalling 1 100 km2 via competitive tender as part of Queensland’s annual exploration programme. 

Transnet renews manganese contract with South32

By: Marleny Arnoldi     22nd March 2018 State-owned Transnet and diversified miner South32 on Thursday signed a seven-and-a-half-year manganese export capacity allocation (Meca) contract, allowing for the transportation of 2.6-million tonnes a year of export manganese and realising almost R10.4-billion in total value for Transnet.  

Lenders to Glencore-led Australian coal port agree to 8-yr extension – sources

By: Reuters     22nd March 2018 Lenders to Queensland's debt-laden Wiggins Island Coal Export Terminal have agreed to extend about $3-billion due on an outstanding loan for eight years, a lifeline to owners who would have had to repay the hefty debt from September, two sources told Reuters. "There is a structure on the table... 

Aspire halts drilling at Nuurstei, reviews rail feasibiity

By: Esmarie Swanepoel     22nd March 2018 Coal developer Aspire Mining has temporarily halted the drilling programme at its Nuurstei coking coal project, in Mongolia, as it holds additional discussions with the nearby communities. Aspire holds a mining lease for its Nuurstei coking coal project, which gives the company a 30-year tenure... 

Birimian reports cost savings at Mali lithium project

By: Esmarie Swanepoel     20th March 2018 Lithium hopeful Birimian has reported a number of cost cuts at its Goulamina project, in Mali, following the optimisation of the prefeasibility study (PFS). Birimian on Tuesday reported that transport and handling costs have reduced by an estimated 47%, from $187/t to $100/t, while power costs... 

Intermin reports maiden resource at Richmond

By: Esmarie Swanepoel     20th March 2018 Junior explorer Intermin Resources has announced a resource of 2.5-billion tonnes, grading 0.32% vanadium pentoxide for its Richmond project, in Queensland, making it one of the largest vanadium deposits in the world. The company noted that the resource remained open in all directions and was... 

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

Stringent regulations may impede coal industry growth

By: Donald Makhafola     16th March 2018 While key challenges facing the coal mining industry make the future of coal in South Africa uncertain, when considering the weight of coal in South Africa's energy mix, the coal mining industry is likely to remain an important one, says credit insurer Coface group economist Ruben Nizard. South... 

Coal remains a main source of energy in Africa

By: Donald Makhafola     16th March 2018 Coal will maintain its status as a robust, baseload energy source for the foreseeable future in Africa,  says South Africa-based diversified resources company Exxaro coal operations executive head Dr Nombasa Tsengwa, who tells Mining Weekly that coal is cheap and that more than 1 600 coal-fired... 

Transnet is trying to root out Gupta-related corruption – Gama

By: African News Agency      14th March 2018 Transnet is trying to get to the bottom of how the company was committed to contracts that saw an agency linked to the Gupta family earn lavish fees on its infrastructure contracts, CEO Siyabonga Gama told MPs on Wednesday. "It has given Transnet a very bad name and a very bad reputation, so that... 

Coal, rapid loadout projects under construction - Exxaro 

By: Martin Creamer     13th March 2018 Diversified mining company Exxaro Resources, which began a R13-billion coal expansion programme in the second half of last year, has three coal projects and a rapid loadout station under construction, and is at the ready to develop another two coal projects, pending Department of Energy and Eskom... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

     9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Transnet rejects claim of no significant mining-linked rail and port investment in 15 years

     9th March 2018 Anglo American South Africa deputy chairperson Norman Mbazima argues that a revitalisation of South Africa’s rail and port networks will be key to ensuring a recovery in mining investment. Speaking at the Investing in African Mining Indaba, he lamented that he had not seen any significant rail... 

Unisel mine, South Africa

By: Sheila Barradas     9th March 2018 A gold mine located near Virginia, in the Free State, about 270 km from Johannesburg. 

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Amur kicks off Kun-Manie access road programme

By: Creamer Media Reporter      8th March 2018 Aim-listed Amur Minerals has started the development process for its 350 km access road that will link its Kun-Manie project site to the Ulak rail station on the Baikal-Amur rail line. The company has engaged Cevi Constuzioni (CC) to undertake the inaugural step in the design of the road.... 

TerraCom to commission dedicated Blair Athol train loading facility this month

By: Mariaan Webb     8th March 2018 Coal miner TerraCom expects to commission its dedicated train loading facility at the Blair Athol coal mine, in the Bowen basin of Queensland, later this month. The mine, which TerraCom bought last year for $1 from Rio Tinto, will benefit substantially from the load-out facility, with the company... 

Exxaro operations generate 23% more cash, one fatality

By: Martin Creamer     8th March 2018 Cash of R6.8-billion generated by the operations of Exxaro Resources was 23% higher in the 12 months to December 31, when net operating profit increased by 17% to R6.1-billion. Revenue rose 9% to R22.8-billion buoyed by the coal business, which benefitted from higher selling prices and volumes. 

Auroch acquires South Australia zinc projects

By: Schalk Burger     6th March 2018 JOHANNESBURG (miningweekly.com) – ASX-listed Auroch Minerals on Tuesday announced that it had acquired 90% of the Arden and 100% of the Bonaventura zinc projects, in South Australia. “The Arden project and Bonaventura project comprise a substantial zinc, lead and copper play supported by... 

Amur completes ice road, starts bringing supplies to Kun-Manie

By: Schalk Burger     2nd March 2018 Aim-listed nickel/copper sulphide exploration and development company Amur Minerals has completed a 350 km ice road to its Kun-Manie project, in the Amur province in far east Russia, and has begun restocking supplies for the 2018 field season. In a press release issued on Friday, the company... 

Masimong mine, South Africa

By: Thabi Madiba     2nd March 2018 A gold and uranium mine located in the Free State, South Africa, about 260 km from Johannesburg. 

M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown

By: Terence Creamer     1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... 

India's outback coal bets sour as global prices recover

By: Bloomberg     1st March 2018 Australian mining legend Lang Hancock’s dream four decades ago of exporting coal from the country’s remote Galilee Basin is becoming a nightmare for two Indian conglomerates. Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal... 

Anglo completes sale of Drayton coal mine

By: Mariaan Webb     26th February 2018 Global miner Anglo American has completed the sale of its 88.17% interest in the Drayton thermal coal mine and Drayton South project to unlisted Malabar Coal. The assets are located in the Hunter Valley of New South Wales, Australia, and have been sold to Malabar for an undisclosed amount, Anglo... 

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