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Indonesia reaches preliminary deal with Freeport on Grasberg

By: Bloomberg     12th July 2018 Indonesia has struck an “initial agreement” to take majority ownership of Freeport-McMoRan’s giant Grasberg copper and gold mine, President Joko Widodo told reporters in Jakarta on Thursday. State-owned PT Indonesia Asahan Aluminium, also known as Inalum, will end up with a 51% stake,... 

Mining offers private equity opportunities despite recovery - Denham

By: Reuters     11th July 2018 Private equity still has significant opportunities to invest in mining as companies cut debt and rebuild their balance sheets even as the sector recovers, mining specialist Denham Capital said. Denham, which closed a new $550-million mining fund sooner than expected on Monday, has already... 

Denham Capital closes Mining Fund at $558m

By: Marleny Arnoldi     9th July 2018 Resource and energy-focused global private equity firm Denham Capital has closed its first standalone mining fund, the Denham Mining Fund, at $558-million to expand its portfolio in Australia, Canada, South America and Africa.  

Going to great lengths for the value pipeline

6th July 2018 Aegion South Africa provides 18m spools for concentrate hydro-transportation at mining project resulting in 10 % project cost savings In the high-stakes game of mining today, margins are tighter and under more pressure than ever. To remain viable, mining companies are becoming more scientific... 

Company expands South American service offering

By: Jessica Oosthuizen     6th July 2018 As part of its coordinated international strategy, minerals processing specialist Multotec is establishing a joint venture (JV) in Belo Horizonte, Brazil, which will enhance its presence in the South American region, says Multotec screening media VP Roy Roche. He tells Mining Weekly that the... 

Company further explores, develops Marudi gold project

By: Jessica Oosthuizen     6th July 2018 Gold exploration and development company Guyana Goldstrike is implementing its Phase 1 exploration programme with trenching, mapping and sampling at the west extension of the Marudi North zone on its Marudi gold project, located in the Marudi Mountain property, in the Republic of Guyana, South... 

ICMM welcomes two South American miners

By: Jessica Oosthuizen     6th July 2018 Two South American mining companies, Minera San Cristóbal and Minsur, have joined the International Council on Mining and Metals (ICMM). ICMM CEO Tom Butler notes that both companies have earned their membership of ICMM by complying with the council’s “rigorous” admission procedure, adding that... 

Cumbre will drive investment, collaboration in Latin America

By: Jessica Oosthuizen     6th July 2018 The focus of this year’s Investing in LatAm Mining Cumbre, one of the world’s largest mining investment conferences run by the same team behind the Investing in African Mining Indaba, is to drive increased investment and collaboration in Latin American mining, says content developer and... 

COAL TO THE WORLD, GROWTH TO THE NATION:

By: Martin Creamer     6th July 2018 The private-sector-owned Richards Bay Coal Terminal, which opened in 1976 with an original capacity of 12 million tons a year, 42 years later has a design capacity of 91-million tons a year – 10-million tons more than the State-owned Transnet Freight Rail is currently able to deliver. In a... 

US probe darkens Glencore's horizons from Africa to Americas

By: Bloomberg     4th July 2018 The US corruption and money-laundering probe into Glencore Plc represents the sum of all fears for the world’s largest commodity trader and its billionaire CEO Ivan Glasenberg. The possibility that the Justice Department would add to the dizzying array of regulatory and legal headaches the Swiss... 

Expansion strategy advances local company

By: Paige Müller     22nd June 2018 Amid a shrinking South African mining market, Vereeniging-based furnaces and industrial services provider Dickinson Group of Companies states that an extensive focus on extending its service offerings to the international market has been a key strategic success that has insulated the company... 

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... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     13th June 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

EY’s Canadian Mining Eye Index falls in Q1

By: Henry Lazenby     25th May 2018 The EY Canadian Mining Eye Index has shown a decline in first-quarter performance, falling 8% from the fourth quarter of 2017, the professional services firm reported on Thursday. Based on the 2018 operating guidance released by the majority of Canadian gold mining companies, average production... 

Zimbabwe lithium excites but projects face funding hurdle

By: Reuters     18th May 2018 Zimbabwe has a small window of up to 24 months to start producing battery grade lithium and ride the wave of high prices, miners said on Thursday, but the country's high political risk made financing projects difficult. Since the fall of Robert Mugabe after a de facto military coup last November,... 

Maptek’s Evolution 5 provides intelligent optimisation approach

11th May 2018 Software, hardware and services provider Maptek continues to stamp its ownership on the global mine scheduling market through an intelligent optimisation approach, with the company’s latest milestone, Evolution 5, announced last month. Generating an optimised mine schedule with practical... 

Brazil's Sigma Lithium to list in Toronto next week

By: Reuters     4th May 2018 Sigma Lithium Resources is set to list in Toronto next week, company executives said on Wednesday, as the Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars. Sigma fell short of raising up to a planned C$30-million... 

Lithium-ion industry to take centre stage in next five years

By: Simone Liedtke     20th April 2018 At least 12 lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. This, commodity research consultancy Roskill said in a statement on Friday, shows that the lithium-ion (Li-ion)... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices for aluminium, copper, zinc, nickel, lead, palladium and, more modestly, gold,”... 

Chemical ore separation market now expanding

20th April 2018 While the company’s historic market for the supply of chemicals to separate orebodies comprises mainly the Central Africa Copperbelt of Zambia and the Democratic Republic of Congo, the market is expanding in terms of geography and mineral range, says mining reagent specialist Axis House MD Trevor... 

Positive growth for African copper industry expected

By: Victor Moolman     20th April 2018 Market research firm BMI Research (BMI), a member of the Fitch Group, predicts positive production growth for the copper mining industry and in copper mine project development across Africa in its copper market research report ‘Global Industry Overview’, released last month. BMI commodities... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

Metso sees South American revenue rising as mining rebounds

By: Reuters     12th April 2018 Mining equipment maker Metso Oyj expects to increase its revenue in South America excluding Brazil by 15% to 20% a year over the next two to three years as higher metals prices spur mining activity, a company executive told Reuters. Eduardo Nilo, VP of Metso's operations in South America,... 

Aurubis eyes smelting deals with miners in Americas, Australia

By: Reuters     12th April 2018 Aurubis, Europe's biggest copper smelter, is in talks with miners in South America, the US and Australia to set up smelting partnerships, as it pushes ahead with ambitious growth plans, its CEO told Reuters. Armed with a war chest of at least $1.5-billion for potential acquisitions, CEO Juergen... 

Bacanora terminates NextView placing, reaffirms Sonara H1 construction start

By: Mariaan Webb     6th April 2018 London-listed Bacanora Lithium has terminated its £31.17-million placing agreement with NextView, after the Chinese institutional fund management group defaulted on the December 2017 agreement. NextView would have acquired a 19.89% equity interest in Bacanora through the acquisition of 32 976... 

BME launches new emulsion brand, eyeing North American market

By: Nadine James     6th April 2018 After three decades of advancement in its emulsion offerings, South Africa-based explosives leader BME is subsuming its well-known brands such as HEF, and Megapump under the name of Innovex. According to BME ammonium nitrate-based products, equipment and services product manager Dr Rakhi Pathak,... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Peruvian precious metals miner lists on London’s NEX exchange

By: Nadine James     2nd March 2018 Emerging Peruvian gold and silver producer VI Mining on Friday started trading on London’s NEX Exchange Growth Market. The company completed a share placement, which raised £5.36-million in gross proceeds. It issued 106.95-million ordinary shares of no par value at an admission price of £5 each. 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Newmont beats Q4 earnings forecast; output on par with largest gold producer Barrick

By: Henry Lazenby     22nd February 2018 US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The Denver, Colorado-based miner reported headline earnings for the fourth quarter of $216-million, or... 

Newmont maintains steady reserve base as resources grow

By: Henry Lazenby     22nd February 2018 NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total 68.5-million ounces for 2017, unchanged from 2016 as additions and revisions fully replaced... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Gold Fields pays dividend on net loss, flat production, two fatalities

By: Martin Creamer     14th February 2018 Gold mining company Gold Fields on Wednesday announced a final dividend on a net loss and flat production, impacted by two fatalities. As per its trading statement released on February 8, headline earnings for 2017 were $194-million, or $0.24 a share, and net loss for the year was $35-million, or... 

Troy Resources delivers sizeable production in January

By: Megan van Wyngaardt     8th February 2018 South America-focused gold miner Troy Resources achieved gold production of 6 124 oz of gold in January, in line with budget and at a similar level to the previous month's production of 6 224 oz. The production for both these months was impacted by a mill closure for two days to undertake the... 

Goldplat keeps focus on expansion of recovery operations

By: Creamer Media Reporter      30th January 2018 Despite achieving lower output at its gold recovery operations in the second quarter of the current financial year, gold producer Goldplat says it is making progress at these operations, where the focus remains on expanding operational capacity and sourcing new material for processing. The... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

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