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Cleveland-Cliffs delivers 171% y-o-y increase in earnings a share

By: Marleny Arnoldi     20th July 2018 NYSE-listed Cleveland-Cliffs has increased its earnings a share from continuing operations by 171% to $0.76 apiece for the quarter ended June 30, compared with $0.28 apiece in the second quarter of 2017. The company on Friday reported consolidated revenues of $714-million, compared to the prior... 

Cleveland-Cliffs delivers 171% y-o-y increase in earnings a share

By: Marleny Arnoldi     20th July 2018 NYSE-listed Cleveland-Cliffs has increased its earnings a share from continuing operations by 171% to $0.76 apiece for the quarter ended June 30, compared with $0.28 apiece in the second quarter of 2017. The company on Friday reported consolidated revenues of $714-million, compared with the... 

Commodity price volatility will prevail as long as trade war threats prevail – BMI

By: Marleny Arnoldi     20th July 2018 Research firm BMI says most commodity prices will remain neutral on a three-month horizon, with the exception of oil prices which it expects to increase. Commodity prices performed poorly over June and July, but BMI believes the downside is limited for now as the drop in sentiment overshot... 

Trade war could knock 3% off global GDP – Bank of France study

By: Reuters     20th July 2018 An international trade war with wide-ranging tariff hikes could cut global gross domestic product by as much as three percent, according to a study by the French central bank on Thursday. The direct impact of a generalised 10 percentage point increase in import tariffs could alone knock 1% off... 

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

AfriSam offers ‘mine-ready’ concrete, technical expertise

By: Melissa Zisengwe     20th July 2018 As many built structures in the mining environment require the use of aggregates, cement and concrete, leading construction materials supplier AfriSam can collaborate with contractors and mines to design and provide specialist concrete mixes. In addition to offering customised concrete for the... 

Construction project boosts services demand

By: Melissa Zisengwe     20th July 2018 Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector. In June, TDS was awarded two distinct, but... 

Kinsevere mine, Democratic Republic of Congo

By: Thabi Madiba     20th July 2018 A copper cathode mine located about 27 km north of the provincial capital Lubumbashi in the Katanga province, in south-east Democratic Republic of Congo. 

Indian iron-ore exports shifting from fines to pellets

By: Ajoy K Das     19th July 2018 Indian international trade in iron-ore is shifting to more iron-ore pellets, rather than high-grade fines, prompted by changing preferences of overseas buyers. Information and data sourced from industry indicate that overseas shipment and sales realisations of iron-ore pellets are outstripping... 

EU mulls coal, pharma, chemicals tariffs if US hits cars – Wiwo

By: Reuters     19th July 2018 The European Union (EU) will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany's Wirtschaftswoche magazine reported on Thursday. "Depending on progress made during the visit... 

Proof Engineering’s theft-proof ProAlloy couplers

19th July 2018 Couplers facilitate the connection of electrical cables to mobile mining equipment. “Given that they are traditionally manufactured from brass, leaded gun metal or stainless steel, the extremely high weight-to-value ratio of these critical components presents a high theft risk,” explains Donovan... 

US plans uranium import probe that may lead to tariffs

By: Bloomberg     18th July 2018 The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels and Ur-Energy filed a petition in... 

Vale notches record Q2 iron-ore, pellet output despite trucker strike

By: Reuters     16th July 2018 Brazil's Vale achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America's largest economy in May, the miner said in a filing on Monday. Vale, the world's top iron-ore producer, said iron ore output reached 96.755-million... 

Top-grade iron-ore may spike to $100/t

By: Bloomberg     16th July 2018 High-grade iron-ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum to a trend that’s reshaped the global market in recent years and driven buyers in Asia’s top economy to seek out better-quality material.... 

Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

By: Reuters     13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

TDS Projects Construction awarded construction contract for mine development and infrastructure at Exxaro’s Matla Coal Mine

By: Creamer Media Reporter      11th July 2018 TDS Projects Construction has been awarded the contract for two distinct but integrated projects at Exxaro Matla’s Mine2 and Mine3. This entails both mine development and infrastructure development. TDS will be working alongside Newrak Mining with whom they have entered into a joint venture for... 

Mentis Engineered Non-Slip Floor Grating Gains Traction

10th July 2018 There is a trend away from serrated grating because while it is suitable for some applications, there are others where over an extended period it will no longer provide the underfoot traction required to ensure safety. Floor grating is never a case of one size fits all, and according to Lance... 

Shell ramps up in Kitimat, raising Canada’s C$40bn LNG hopes

By: Bloomberg     9th July 2018 A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40-billion liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is... 

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... 

Big Pump Goes Stainless

By: Creamer Media Reporter      6th July 2018 Corrosive liquids on mining and construction sites are a fact of life!  Tsurumi’s new 316 cast stainless steel high head pumps are designed for those applications.  Metalliferous mines are susceptible to pump breakdowns simply because the pump’s material of construction is not compatible with the... 

Welding Alloys South Africa

6th July 2018 Every time a piece of rock impacts or moves across a metal surface, it removes small pieces from this surface, resulting in wear. Even though this wear is very small, the volume loss of these shavings adds up over time and has a direct impact on operational costs. For this reason, Benoni-based... 

Iron-ore slides to seven-month low as trade war fears mount

By: Bloomberg     5th July 2018 Iron-ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the US and China. Benchmark spot ore eased to $62.50/t on Thursday, the lowest since November,... 

Band-It clamping solutions to be showcased at Electra Mining Africa

4th July 2018 Challenging market conditions in the mining industry necessitate the use of innovative, simple-to-use systems that provide for high-quality and cost-effective solutions. This will be the focus of Banding & Identification (ID) Solutions Africa’s presence at Electra Mining Africa 2018 at Nasrec... 

Hwange of Zimbabwe coal output to surge on underground mining

By: Bloomberg     2nd July 2018 Hwange Colliery Co expects to boost underground coal production five-fold this month when it restarts operations after a two-year hiatus, a company official said. The resumption will help the loss-making company tap more lucrative deposits of coking coal, used to make steel, as it seeks to... 

Commodities face a twin threat, Morgan Stanley says

By: Bloomberg     29th June 2018 Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China. “Escalating global trade tensions bring a risk of demand... 

Unlocking the Potential in Aluminum can Revolutionize the World

28th June 2018 Aluminum has changed the face of the planet in the 20th century. As we unlock the potential of this abundant metal, our lives are on the fringe of an imminent revolution. We cannot imagine our current lifestyle without one particular element, aluminum. While steel and iron were the foundation... 

W Resources reports progress at La Parilla site

By: Creamer Media Reporter      27th June 2018 The La Parilla tungsten project under development in Spain is progressing as planned, with crusher, steelwork and equipment deliveries having started, Aim-listed W Resources reported on Wednesday. In a project update, the company states that concrete and civil works have been completed for the... 

Philippine miners call for end of ban on big new projects

By: Reuters     27th June 2018 Philippine miners are urging the government to lift a six-year ban on new large-scale mining projects in the world's No. 2 nickel ore supplier after the state removed restrictions on fresh smaller ventures. The Department of Environment and Natural Resources said in a memorandum dated June 18,... 

Nickel market deficit increases, but surplus expected by 2020 – BMI

By: Marleny Arnoldi     26th June 2018 BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued.  

Casting methodology ensures high-quality sheave wheels

By: Paige Müller     22nd June 2018 Mining sheave wheels fabricated using the casting methodology are stronger than their welded counterparts, extending the life span of mining shafts and allowing that sheave wheels be custom-made to suit specific design and application conditions, states foundry and casting specialist KEW... 

More boardroom diversity means less in C-suite, Lucara CEO says

By: Bloomberg     21st June 2018 The push by mining companies to attract more women to their boardrooms may be short-sighted as top female candidates are diverted from senior executive jobs, according to the head of Lucara Diamond Corp. “There’s such a push for diversity on boards, and young women are really being encouraged to... 

EU to impose duties on US imports Friday after Trump tariffs

By: Reuters     20th June 2018 The European Union will begin charging import duties of 25% on a range of US products on Friday, in response to US tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday. The move confirms a tit-for-tat dispute that could escalate into a full trade... 

China's taxing America's coal just as it was looking to buy more

By: Bloomberg     16th June 2018 Forgive US coal miners for feeling a bit of whiplash over China’s trade policies. Just two weeks ago, the Chinese government was said to be considering buying more American coal as part of an effort to narrow its trade deficit with the US. Now, in retaliation for President Donald Trump’s duties... 

Big metal is conspicuously tight-lipped on US-China rift

By: Bloomberg     16th June 2018 If mining companies are as bothered by Trump’s tariffs as investors appear to be, they’re not saying. A full-out trade war between the US and China could negatively affect the metals and mining sector in several ways. China could respond to Friday’s US tariffs by cutting imports of raw... 

Imports challenge for pumps manufacturing, foundry industry

By: Erin Steenhoff-Snethlage     15th June 2018 One of the biggest challenges for local foundries and pumps manufacturers is competition from imported products, says Kimberley-based metal castings specialist KEW Foundries. “I would say about 70% to 80% of the pumps used in South Africa are imported,” KEW Foundries operations director Jaime... 

New mine dewatering pumps, skids launched

15th June 2018 Germany-headquartered pumps manufacturer Netzsch Pumps & Systems and the company’s North American division last month introduced a new range of safe, reliable and cost efficient mine dewatering pumps and pump skids that are ideal for mines that require small and compact portable units to address... 

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