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Investments in metal production remain low

     2nd September 2016 As a result of the sustained pressure on commodity prices and continuing geopolitical risks, investments in metal production have remained at a low level, says the German engineering federation Verband Deutscher Maschinen- und Anlagenbau’s (VDMA’s) supplier of plant, machinery, equipment and... 

Fortescue profit jumps threefold to $985m

By: Mariaan Webb     22nd August 2016 Australian iron-ore miner Fortescue Metals posted a threefold increase in net profit for the year ended June 30, driven by a strong operational performance and an unwavering cost-reduction strategy. Fortescue, which has four mine sites in the Pilbara, increased net income to $984-million, a 212%... 

Rising uptake of vanadium-based batteries bodes well for market as price turns a corner 

By: Henry Lazenby     18th August 2016 A more than 40% increase in the price of vanadium pentoxide (V2O5) since December lows is invigorating the industry, just as it is poised to see significant new demand for the steel-strengthening ingredient coming from the increasing adoption of vanadium-redox flow batteries (VRBs). The commodity... 

After years of pain, coal becomes one of the hottest commodities of 2016 

By: Reuters     18th August 2016 Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Cargo prices for Australian thermal coal from its Newcastle terminal, seen as the Asian... 

Sea search for metal is Japan’s answer to land that has none

By: Bloomberg     10th August 2016 As deep as 1 600 m under water and 1 500 km from Tokyo, work has begun on the new hunting ground for metals in Japan, a country so devoid of natural resources that most of what it needs has to be imported. As the island nation depleted most of its land-based minerals in the economic boom that... 

Perth mining event reflects flat investment environment

By: Sebastian Whyle     5th August 2016 The decrease in size and scope of mining investment events, such as Australia’s annual Africa Down Under, is a reflection of the state of the global mining economy and the lack of funding available for the development of projects, South African State-owned minerals processing and metallurgical... 

De Beers recovers from tough H2

By: Natasha Odendaal     28th July 2016 Diamond miner De Beers recovered during the first half of the year after hitting a rough patch in the last six months of 2015. The company posted a pleasing financial performance after the diamond market stabilised and growth in demand for rough diamonds emerged, said De Beers strategy and... 

India sets up another committee to review iron-ore pricing

By: Ajoy K Das     21st July 2016 The Indian Steel Ministry will soon conduct a review of iron-ore pricing, which will include a probe of the country’s largest miner, NMDC Limited, and the e-auction processes for price discovery. The Steel Ministry plans to set up a committee of experts to complete the pricing review. 

Southern Gold’s international expansion strategy takes it to South Korea

By: Creamer Media Reporter      8th July 2016 Australian gold producer Southern Gold on Friday announced the acquisition of a suite of high-grade gold assets in South Korea, most of them historic underground or artisinal gold and silver workings. The acquisition formed part of the Adelaide-based miner’s international expansion strategy. 

Gold declines after two-day Brexit rally as oil, copper rebound

By: Bloomberg     28th June 2016 Gold dropped after posting the biggest two-day gain in more than seven years following the UK’s vote to exit from the European Union. Bullion for immediate delivery lost as much as 0.8% to $1 313.62 an ounce and traded at $1 318.10 at 2:22 p.m. in Singapore, according to Bloomberg generic... 

Peninsula upbeat about South Korea graphite projects

By: Anine Kilian     21st June 2016 ASX-listed Peninsula Mines reported on Tuesday that its applications over a number of graphite tenements at the Janggohang graphite mine, in South Korea, had been succesful. Peninsula’s Korean subsidiary, Suyeon Mining, has filed four tenement applications over blocks Janggohang 139, Janngohang... 

As lithium demand rises, investors sharpen focus on Chile, Argentina and Bolivia

By: Henry Lazenby     14th June 2016 In line with the breakneck growth in lithium demand, driven by the unprecedented use of the soft, silver-white metal in new battery technologies, investors are increasingly scrutinising South American countries such as Bolivia, Chile and Argentina, where about 70% of the world’s known lithium... 

Serious questions being asked about composition of ‘fair’ steel price basket 

By: Terence Creamer     3rd June 2016 South African steel consumers are raising serious concerns about the composition of the steel-price basket being proposed by ArcelorMittal South Africa (AMSA) as a mechanism for regulating domestic flat-steel prices and are seeking urgent talks with government to air their anxieties ahead of any... 

Potential, risks of Mozambique mining sector outlined

     3rd June 2016 The extractive sector in Mozambique currently represents less than 4% of economic activity in the country but has scope to grow considerably, says international metals and minerals researcher Roskill, which has released its Mozambique African Mining Report (AMR) 2016. 

French nuclear envoy expects ‘spring’ release of South Africa’s much-debated RFP

By: Terence Creamer     1st June 2016 The French remain optimistic that South Africa’s nuclear request for proposals (RFP), which was initially expected for release before the end of March, will be issued before the end of the year, probably during South Africa’s “spring”, or France’s “fall”. Special envoy of the French President for... 

New sanctions could cripple reclusive North Korea’s mining sector

By: Ilan Solomons     27th May 2016 New sanctions on North Korea imposed by the United Nations (UN) and the US in March for allegedly undertaking nuclear and ballistic missile tests earlier this year will affect the country’s mineral resources sector. North Korea – officially named the Democratic People’s Republic of Korea (DPRK)... 

New sanctions could cripple reclusive North Korea’s mining sector

By: Ilan Solomons     27th May 2016 New sanctions on North Korea imposed by the United Nations (UN) and the US in March for allegedly undertaking nuclear and ballistic missile tests earlier this year will affect the country’s mineral resources sector. North Korea – officially named the Democratic People's Republic of Korea (DPRK)... 

Santos starts up second unit at GLNG

By: Mariaan Webb     26th May 2016 Oil and gas company Santos has started producing liquefied natural gas (LNG) at the second unit of the GLNG joint venture project, on Curtis Island, in Queensland, marking the successful delivery of the $18.5-billion two-train project. Santos MD and CEO Kevin Gallagher on Thursday described the... 

Up your game on sustainability, challenges Manuel

By: Kim Cloete     16th May 2016 Former Finance Minister Trevor Manuel has criticised both governments and companies for failing to live up to their commitments on sustainable development and has called for better laws and greater enforcement of those laws. He was speaking at the first ever Sustainable Brands Conference to be... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

Indian miners flay government push for iron-ore value addition

By: Ajoy K Das     26th April 2016 Indian miners have flayed the government decision to promote only the exports of value-added iron-ore as “fallacious”. Miners claim that being competitive in the production and export of iron-ore does not necessarily mean that conserving the same for domestic operations would improve India's... 

GLNG reaches another milestone

By: Esmarie Swanepoel     15th April 2016 The $18.5-billion Gladstone liquefied natural gas (GLNG) project, in Queensland, on Friday loaded its twenty-fifth LNG cargo for export. The GLNG project shipped its first LNG cargo in October last year, after production from its first LNG train started in September. 

Nuclear regulator confirms receipt of Thyspunt, Duynefontein applications 

By: Terence Creamer     15th March 2016 South Africa’s National Nuclear Regulator (NNR) confirmed on Tuesday that it had received, on March 10, two Nuclear Installation Site Licence (NISL) applications from Eskom for Thyspunt, in the Eastern Cape, and Duynefontein, in the Western Cape. The NNR said that both NISL applications had been... 

Asian demand to benefit Australia gas exports – govt report

By: Esmarie Swanepoel     4th March 2016 Australia’s long-term gas exports were expected to benefit from the growing demand of emerging economies in the Asian region, the Office of the Chief Economist reported on Friday. In the ‘Gas Market Report 2015’, the Department of Industry, Innovation and Science noted that despite current... 

Forevermark expands footprint to three new countries

By: Megan van Wyngaardt     3rd March 2016 Diamond miner De Beers has launched its Forevermark brand in Hungary, Thailand and South Korea, bringing its total number of outlets to 1 700 in 38 consumer markets. Forevermark launched in Hungary with R-A Diamonds, a distributor and wholesaler for fine diamond jewellery and loose diamonds. R-A... 

Glencore positive on coal turnaround

By: Martin Creamer     1st March 2016 Diversified mining and marketing company Glencore, which plays a leading role in the global seaborne steam coal market including being the major exporter of the mineral out of South Africa’s Richards Bay Coal Terminal (RBCT), spoke positively on Tuesday on the outlook for a coal turnaround. “Coal... 

Magnis raises funds for Tanzania graphite project

By: Esmarie Swanepoel     12th February 2016 Graphite developer Magnis Resources has raised A$3-million through a share placement to sophisticated and institutional investors to complete the bankable feasibility study and progress the Nachu project, in Tanzania. More than 8.5-million shares were issued at a price of 35c each. 

Crystallisation and AMD, cobalt and human rights, new gold mine’s snags

By: Martin Creamer     29th January 2016 The use acid mine drainage water in Eskom power stations may be possible; child labour to produce cobalt is decried; new gold mine in Liberia seeking to defer payments 

Child labour rife at DRC cobalt mines, say NGOs

By: David Oliveira     29th January 2016 Major electronics brands, including Apple, Samsung and Sony, are failing to do basic checks to ensure that cobalt mined by children has not been used in their products, according to Amnesty International and Africa Resources Watch (Afrewatch) in a report published in January. The report, ‘This is... 

Scornful report on high-tech cobalt supply chains could prove a boon to Western producers

By: Henry Lazenby     22nd January 2016 A report released this week by advocacy group Amnesty International has revealed human rights abuses by one of the world’s largest cobalt producers in the Democratic Republic of Congo (DRC), which raises the possibility of accelerating a looming supply gap. The report, 'This is what we die for:... 

Mt Cattlin slated for first exports in July

By: Esmarie Swanepoel     22nd January 2016 The Mt Cattlin spodumene/tantalum mine, in Western Australia, is on track to export its first concentrate in July this year, as ASX-listed General Mining Corporation works to restart production. General Mining Corporation last year inked an agreement with fellow-listed Galaxy Resources to... 

Arafura finds potential JV partner for rare earths separation plant

By: Esmarie Swanepoel     7th January 2016 Rare earths developer Arafura Resources has signed a memorandum of understanding (MoU) with South Korean chemical manufacturer OCI Company to establish a joint venture (JV) separation plant in South Korea. The MoU follows a letter of intent signed in June last year. In the subsequent months, the... 

India amenable to ship more iron to Japan and Korea

By: Ajoy K Das     16th December 2015 In the wake of falling commodity prices and export volumes, India was looking to increase shipments to Japan and South Korea under existing three-year bi-lateral contracts. According to a senior government official, the Commerce Ministry, which oversees the bi-lateral long-term iron-ore... 

Roy Hill ore shipment delayed to next week

By: Esmarie Swanepoel     4th December 2015 Despite having loaded first ore from the Roy Hill mine, in Western Australia, the project developer has again warned of a delay in the shipment. Roy Hill said this week that owing to progressive commissioning and operational and safety constraints on the first shipment required by the Pilbara... 

Rinehart's Roy Hill readies for first iron-ore shipment

By: Esmarie Swanepoel     1st December 2015 Iron-ore developer Roy Hill has stared loading its first ore from the Roy Hill mine, in Western Australia, after the MV Anangel Explorer docked in Port Hedland earlier this week. “This is a truly fantastic occasion as we receive the first vessel alongside the Roy Hill wharf and the first of our... 

Iron-ore futures fall below $40/t as new Australian supply arises

By: Martin Creamer     30th November 2015 The iron-ore price on Singapore's most active iron-ore futures market was below $40/t for the first time, Investec noted on Monday, when it reported that additional iron-ore supply was about to be shipped from Gina Rinehart’s new Roy Hill iron-ore mine, in Australia. Quoting Bloomberg, Investec... 

Cliffs blames idling of 2 Minnesota ops on high volume of steel 'dumping' in US

By: Henry Lazenby     18th November 2015 US iron-ore producer Cliffs Natural Resources on Tuesday complained that foreign steel being "dumped" in the US negatively impacted the steel production levels of its domestic customers, which forced it to shutter two Minnesota operations and cut 450 jobs. While the United Taconite operation had... 

Mt Cattlin product marked for Asia

By: Esmarie Swanepoel     28th October 2015 ASX-listed General Mining Corporation has signed a sales and distribution agreement with Japanese major Mitsubishi Corporation for all of the lithium-bearing spodumene concentrate produced at the Mt Cattlin project, in Western Australia. Under the terms of the agreement, Mitsubishi would have the... 

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