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Cameco, Kazatomprom restructure JV Inkai

By: Henry Lazenby     11th December 2017 Canadian uranium producer Cameco and the National Atomic Company of the Republic of Kazakhstan (Kazatomprom) have agreed to restructure their joint venture over the Inkai in situ recovery uranium mine, in south Kazakhstan. Kazatomprom CEO Galymzhan Pirmatov and Cameco president and CEO Tim Gitzel... 

Goldplat, Rand Refinery agree to arbitration

By: Natasha Odendaal     11th December 2017 Tangible progress is being made towards the settlement of Aim-listed Goldplat’s dispute with Rand Refinery, with both parties having agreed to arbitration after a protracted period of negotiations. Goldplat on Monday said the parties formally agreed on an arbitration process for the recovery of... 

Vedanta's Zambian arm to set up new processing plants

By: Reuters     7th December 2017 London-listed Vedanta Resources said on Thursday its Zambian subsidiary Konkola Copper Mines (KCM) plans to set up a new copper smelter, cobalt refinery and other infrastructure under a $1 billion investment programme announced earlier. In March Vedanta announced the $1 billion investment after a... 

SMB plans Guinea alumina refinery by 2022

By: Reuters     4th December 2017 A consortium of the Societe Miniere de Boke (SMB) and Singapore's Winning Shipping plans to build Guinea's first alumina refinery in a $3 billion effort to develop the West African country's bauxite industry, it said on Monday. Guinea has about a third of the world's bauxite reserves and expects... 

Southern Copper workers in Peru on strike for ninth day

By: Reuters     30th November 2017 Workers at Southern Copper, in Peru, said they completed a ninth day of an indefinite strike on Wednesday, following a failed negotiation attempt with the company. The walkout, which involved 3 000 members of two out of the five Southern Copper unions in Peru, has been declared illegal by the... 

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... 

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,... 

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver

By: Terence Creamer     23rd November 2017 Chemicals and energy group Sasol is preparing to sell several assets, including its Canadian shale gas assets, following an overhaul of its corporate strategy, which eschews any further greenfield gas-to-liquids (GTL) investments in favour of smaller acquisitions and projects of between... 

Cobalt One shareholders approve merger with First Cobalt

By: Anine Kilian     21st November 2017 Junior cobalt miner Cobalt One’s shareholders have approved a merger with Toronto-based First Cobalt, which means that the companies are one step closer to creating the largest pure-play cobalt company in the world. Cobalt One announced on Monday that 99.995% of the shareholders’ votes were in... 

Fortune to consider higher cobalt output in Nico feasibility report

By: Henry Lazenby     10th November 2017 Project developer Fortune Minerals plans to increase the production rate at its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, by between 20% and 30% in a response to feedback from potential strategic partners, the company announced on Thursday. London,... 

Amplats reports tame quarter, revises guidance downwards

By: Ilan Solomons     3rd November 2017 Platinum mining company Anglo American Platinum (Amplats) reported last week that total platinum production (expressed as metal in concentrate) for the three months ended September 30, was flat at 621 400 oz. The company noted that there were strong performances from its Mogalakwena, Unki and... 

SA Hippo Flameproof Submersible Slurry Pump Goes To Houston.

     1st November 2017 TARGA RESOURCES, with its headquarters in Houston, Texas, is a leading provider of midstream services in North America and is primarily engaged in the business of gathering, compressing, treating, processing gas, crude oil and the selling of refined petroleum products. At the TARGA RESOURCES’... 

Devon tungsten mine turnaround building momentum

By: Mariaan Webb     31st October 2017 The operating turnaround plan for the Drakelands mine at the Hemerdon tungsten and tin project in Devon, south-west England, is gaining momentum and is delivering benefits across the business, with production and sales up 15% for the September quarter, Wolf Minerals MD Richard Lucas reported on... 

Norilsk Nickel lifts Q3 nickel output by 10% q/q

By: Mariaan Webb     30th October 2017 The world’s largest producer of refined nickel and palladium, Norilsk Nickel, on Monday reported a 10% quarter-on-quarter increase in its nickel output, but said third-quarter copper and platinum group metals production had declined. Nickel production increased to 54 175 t in the September... 

Wolf increases bridge facility to £55m

By: Esmarie Swanepoel     30th October 2017 ASX and Aim-listed Wolf Minerals has increased an existing bridge facility by £10-million to support short-term working capital as the company progressed operations at its Drakelands tungsten mine, in the UK. An existing bridge facility with Resource Capital Fund VI has been increased from... 

Fluor establishes a Multi-Projects Group® to offer Scalable Project Solutions

     26th October 2017 Fluor South Africa has established a Multi-Projects Group® to assist clients with lean, cost effective engineering, procurement and construction services for small- to medium-sized projects. “This execution approach is instrumental in offering our clients capital cost efficiency, specifically... 

Amplats reports flat Q3 production numbers, revises guidance downward

By: Ilan Solomons     24th October 2017 Platinum mining company Anglo American Platinum (Amplats) on Tuesday reported that total platinum production (expressed as metal in concentrate) for the three months ended September 30, was flat at 621 400 oz. The company noted that there were strong performances from its Mogalakwena, Unki and... 

Workshop: The pertraction metal refinery

By: Creamer Media Reporter      20th October 2017 Workshop: The pertraction metal refinery. Media Report 11 October 2017 The Focus Area: 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

BHP’s entry into nickel sulphate ‘well timed’, cobalt sulphate may be next

By: Esmarie Swanepoel     17th October 2017 Mining major BHP is reviewing the timing of its Stage 2 nickel sulphate plant at the Kwinana refinery, in Western Australia, on the back of high demand. BHP Nickel West asset president Eduard Haegel said on Tuesday that potential customer visits had confirmed that the company’s entry into the... 

PIC said to mull backing bid for Chevron's South Africa Unit

By: Bloomberg     12th October 2017 Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore and a group of black South African-owned companies of Chevron Corp.’s assets in the country, according to three people familiar with the matter. The Public Investment Corporation (PIC), which manages the... 

Gamsberg zinc prestrip close to halfway mark – Vedanta

By: Martin Creamer     10th October 2017 The prestripping of waste rock at the Gamsberg zinc mine project in the Northern Cape is close to the halfway mark, Vedanta Resources reported on Tuesday, when its interim CEO Kuldip Kaura described as “strong” the quarterly production performances of the London-listed, India-rooted mining... 

Glencore to acquire Chevron’s South Africa, Botswana assets for $973m

By: Anine Kilian     6th October 2017 JSE-listed Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (OTS) to acquire a 75% interest in Chevron South Africa, as well as a 100% interest in Chevron Botswana, for an aggregate consideration of $973-million. The assets comprise the interests of the Chevron... 

The Krugerrand's remarkable contribution to SA mining value-addition 

By: Ilan Solomons     6th October 2017 The gold bullion Krugerrand represents a most remarkable story from a beneficiation perspective, with more than 60-million pieces sold over the past 50 years. This equates to more than 1 660 t of local gold used in the process, and about 25% of all South African gold sold currently is in the form... 

The Krugerrand’s remarkable contribution to SA mining value-addition 

By: Ilan Solomons     6th October 2017 The gold bullion Krugerrand represents a most remarkable story from a beneficiation perspective with more than 60-million pieces sold over the past 50 years, equating to more than 1 660 t of local gold used in the process with about 25% of all South African gold sold currently in the form of... 

Resources Watch  

     5th October 2017 Fifty years on from the minting of the first gold Kruggerand, demand for the iconic coin remains strong. Ilan Solomons has the story. 

Earl Grey could deliver 288 000 t/y of lithium concentrate

By: Esmarie Swanepoel     3rd October 2017 The Earl Grey lithium project, in Western Australia, could be in production as early as the first quarter of 2019, ASX-listed Kidman Resources reported on Tuesday. A scoping study into the project estimated that production could start as early as August next year, with construction to last... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye and Northam Platinum this year entered the platinum-group metals (PGMs) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this year,... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye Resources and Northam Platinum this year entered the platinum-group metals (PGM) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this... 

Platinum-group metals producer aiming to increase fuel cell demand

By: Simone Liedtke     22nd September 2017 To increase demand in the fuel cell (FC) industry, platinum group metals producer Impala Platinum (Implats) aims to take its Impala Platinum Refinery off the State-owned power utility Eskom grid and power the refinery using FC technology, with commercial operation of its first phase aimed to... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects

By: Henry Lazenby     18th September 2017 Senior Canadian miner Kinross Gold has revealed that it will spend about a $1-billion on two significant capital growth plans for the Phase 2 expansion of its Tasiast mine, in Mauritania, as well as the Phase W of the Round Mountain mine, in Nevada. “With Phase 2, Tasiast's annual production is... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

Systems water intensive, but more efficient and environment friendly 

By: Victor Moolman     15th September 2017 Although ultrahigh-pressure water blasting systems used to clean refineries or cut rock and prepare surfaces on mines will not save water, it is more efficient than using acid washing or abrasive grit blasting techniques, says water jetting solutions provider Total Blasting sales director Bradley... 

Lossmaking operations will not be supported – Implats 

By: Martin Creamer     14th September 2017 South Africa’s second-biggest platinum mining company Impala Platinum (Implats) said on Thursday that it would no longer be supportive of lossmaking operations and was taking strong steps to bring about a cash neutral position at its major productivity-hit Impala Rustenburg platinum mine and... 

Implats reports headline loss, sees low prices as ‘new normal’

By: Martin Creamer     14th September 2017 Platinum mining company Implats, which reported an impairment-impacted 137 cents per share headline loss in the 12 months to June 30, sees the lower-for-even-longer metal price environment as 'the new normal'. In presenting results for its financial year to June 30, the JSE-listed company... 

Work to start on WA lithium JV as Kidman and SQM finalise agreement

By: Esmarie Swanepoel     12th September 2017 ASX-listed Kidman Resources and lithium producer Sociedad Quimica y Minera de Chile SA (SQM) have finalised the joint venture (JV) agreement over the Mt Holland lithium project, in Western Australia. The transaction, first announced in July, will see SQM invest $110-million to acquire a 50%... 

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