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Topic

ERG to pilot blockchain-based solution to enhance provenance, traceability of cobalt

By: Simone Liedtke     21st January 2019 Global Battery Alliance (GBA) founding member Eurasian Resources Group (ERG) will be piloting a blockchain-based solution based on the IBM Blockchain Solution, to enhance the provenance and traceability of cobalt in the metal’s supply chain. Following the announcement on Monday, ERG explained in... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape 

By: Simone Liedtke     18th January 2019 With diversified miner Vedanta Zinc International’s (VZI’s) flagship Gamsberg project coming on stream, the Northern Cape province has the potential to become a base metals mining, processing and beneficiation hub. VZI CEO Deshnee Naidoo says Gamsberg has the potential to have a huge impact on... 

Battery drive system provided for underground mining

18th January 2019 Battery driven mining vehicle specialists Battery Power Industries (BPI) provided the battery drive system for rough-terrain machinery manufacturer Manitou Southern Africa’s first electric telehandler. Manitou’s battery driven telehandler, the first of its kind, was unveiled at Electra Mining... 

Gamsberg set to trigger new wave of industrialisation in Northern Cape

By: Simone Liedtke     18th January 2019 With diversified miner Vedanta Zinc International’s (VZI’s) flagship Gamsberg project coming on stream, the Northern Cape province has the potential to become a base metals mining, processing and beneficiation hub. VZI CEO Deshnee Naidoo says Gamsberg has the potential to have a huge impact on... 

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

Sibanye adds global experience to safety panel 

By: Marleny Arnoldi     17th January 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has established a Global Safe Production Advisory Panel, after identifying the need for an additional safety initiative in 2018. The panel consists of a group of leading academics and is chaired by Sibanye group safety head Dr Kobus... 

Xolobeni community survey to confirm whether mining can proceed

By: Marleny Arnoldi     16th January 2019 Mineral Resources Minister Gwede Mantashe on Wednesday announced the imminent start of an independent survey to be undertaken in Xolobeni, in the Eastern Cape. This follows the Minister’s visit to the community on Tuesday in efforts to gain “full consent” to planned mining and economic activity... 

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

Xolobeni community survey to confirm whether mining can proceed

By: Marleny Arnoldi     16th January 2019 Mineral Resources Minister Gwede Mantashe on Wednesday announced the imminent start of an independent survey to be undertaken in Xolobeni, in the Eastern Cape. This follows the Minister’s visit to the community on Tuesday in efforts to gain “full consent” to planned mining and economic activity... 

Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval next week 

By: Marleny Arnoldi     16th January 2019 Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday. The mines’ business rescue practitioners (BRPs) have been... 

IDM wins environmental approval for Red Mountain

By: Creamer Media Reporter      15th January 2019 Canada’s Environment and Climate Change Minister Catherine McKenna has announced an environmental decision for the underground gold and silver mine that IDM Mining is proposing near Stewart, British Columbia. The Minister said that the proposed mine was not likely to cause significant adverse... 

Agri-hub seen as key post-mining-economy jobs driver in west Gauteng  

By: Terence Creamer     14th January 2019 An ambitious plan to develop Gauteng’s West Rand into an agri-industrial hub, primarily producing high-value crops for domestic and export markets, is starting to take shape and is expected to be officially launched during the first quarter of 2019. The initiative has been branded ‘Bokamoso Ba... 

Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'

By: Bloomberg     11th January 2019 Barrick Gold’s new CE is surprised by the “hysteria” over whether the world’s largest gold miner will remain a Canadian company. Barely a week after his Channel Islands-based Randgold Resources merged with Barrick, Mark Bristow says he’s determined to keep the global miner headquartered in... 

BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans 

By: Simone Liedtke     10th January 2019 The joint business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Koornfontein Mines (KFT) expect to convene meetings with creditors within the next few weeks to vote on the proposed business rescue plans for the mines. The meetings will take place once the BRPs have resolved... 

Sierra Metals completes expansions at Bolivar mine

By: Tasneem Bulbulia     10th January 2019 Sierra Metals’ expansion plans at the Bolivar mine, in Mexico, are on track, the company reported in a statement on Wednesday. The company last year announced plans to achieve a sustainable and staged increase in mine production and mill throughput from 3 000 t/d to 3 600 t/d by the first quarter... 

Xolobeni youth distances itself from Mantashe ban, wants Minister to visit the village 

By: African News Agency      10th January 2019 Xolobeni youths have distanced themselves from the Amadiba Crisis Committee's (ACC's) announcement that mineral resources minister, Gwede Mantashe, was not welcome at the volatile Eastern Cape village.  On Tuesday the ACC reiterated that Mantashe was not welcome in Xolobeni after the minister... 

Goldman warns iron-ore's jump into $70s 'is not sustainable'

By: Bloomberg     9th January 2019 Iron-ore’s rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group and Morgan Stanley warn that prices are poised to drop back. While industry fundamentals have improved, current prices won’t last as more supply is on the... 

Metalkol RTR joins Cobalt Institute

By: Tasneem Bulbulia     9th January 2019 Eurasian Resources Group’s Metalkol RTR reprocessing plant is now a member of the Cobalt Institute. Metalkol RTR is a major reprocessing plant for historic cobalt and copper tailings from previous mining operations in the Haut-Katanga province of the Democratic Republic of the Congo. 

Resources Watch  

13th December 2018 Global association aims to build sustainable future for zinc And, Innovate and generate cash at same time 

Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

Australian miners embracing automation in quest for improved safety, efficiency

By: Esmarie Iannucci     2nd November 2018 While the phrase ‘automation’ might evoke visions of a Schwarzenegger-esque future in which machines rise up to take over the world, it has come to have a distinctly different connotation in Australia. From drones being used to safely map, survey and explore mining operations to autonomous trains... 

Do mid-tier miners do it better?

1st November 2018 The gold price has remained relatively stable at around US $1200 and $1400 an ounce since 2013, so why is the GDX Index, which measures the performance of the largest gold producers, currently down 70 per cent?  Speaking at IMARC in Melbourne, Evolution Mining Executive Chair Jake Klein said the... 

BHP’s Chief Commercial Officer says relationships are crucial in the supply chain

30th October 2018 While average realised prices have been strong for the most recent fiscal year, BHP’s Chief Commercial Officer, Arnoud Balhuizen has warned to not get too caught up with the numbers alone. “Prices have generally benefited disciplined owner-operators with high quality assets, particularly those... 

World’s safest construction and mining truck debuts at IMARC

30th October 2018 Scania Australia revealed the new XT mining and construction range next-generation trucks at Melbourne’s International Mining and Resources Conference (IMARC) today, giving the industry the first opportunity to examine the extra-tough truck in the metal. The all-new extra-tough Scania XT delivers... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

Evolution's decline development approved

By: Esmarie Iannucci     26th October 2018 Gold miner Evolution Mining has been given approval by the New South Wales Department of Planning and Environment (DPE) to start construction of the Galway-Regal-E46(GRE46) exploration decline at its Cowal operation. Evolution will spend between A$20-million and A$22-million over 2019 and 2020... 

Manufacturer and marketer working hand in hand

26th October 2018 Integrated chemicals and petrochemicals company Sasol and multifunctional distribution company Helm have entered into a long-term marketing agreement for ethylene glycols. The agreement between Sasol and Helm will come into effect upon the start-up of Sasol's new ethylene oxide and ethylene... 

The commercial question of mega projects

25th October 2018 If you know the Three Towers Precinct and Lanseria City Catalytic Mega Projects of which the Lanseria City was the most well placed in the Gauteng Department of Human Settlement’s (GDHS) Project Memorandum Information bid, and citing the successful Zanemvula 13 500 units at the Nelson Mandela Bay... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Strong interest received for South32’s South African energy coal assets 

By: Esmarie Iannucci     25th October 2018 Diversified miner South32 has received nearly 40 expressions of interest for its energy coal assets in South Africa. Speaking on the sidelines of the company’s annual general meeting, South32 CEO Graham Kerr told Mining Weekly Online that, while the talks thus far have been confidential, the... 

Lynas’ NEXT project starts to deliver as Sept quarter output rises

By: Esmarie Iannucci     25th October 2018 Rare earths developer Lynas has reported record production for the three months to September 30, while revenue increased by 15.2% on the previous quarter. Neodymium and praseodymium (NdPr) production for the quarter reached a record 1 579 t, up 9.1% on the June quarter. 

Cosatu calls for overhaul of draft IRP

By: Kim Cloete     24th October 2018 The Congress of South African Trade Unions (Cosatu) has rejected the draft Integrated Resource Plan (IRP) 2018, calling for an overhaul. It also called for a firm commitment not to retrench workers as well as tougher, hard-hitting plans to halt looting and recover money stolen from Eskom. 

Blockchain an ‘ideal technology’ to reveal sustainability of the mining supply chain – report

By: Simone Liedtke     24th October 2018 With an increasing focus on and demand for corporate social responsibility with the sustainability of mining at stake, blockchain is an ideal technology to reveal the sustainability of the supply chain, a report published by global law firm White & Case shows. Co-authored by partners Rebecca... 

Independence invests A$51m in exploration

By: Esmarie Iannucci     23rd October 2018 Diversified miner Independence Group will spend A$51-million on discovery expenditure in the 2019 financial year, MD and CEO Peter Bradford said on Tuesday. Speaking to the Australian Nickel conference, Bradford said that some A$33-million of this funding would go towards greenfields... 

Uranium market's Aramco unveils London IPO despite Trump threat

By: Bloomberg     22nd October 2018 The initial public offering (IPO) of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its... 

Lonmin undertakes refinancing, delivers on results promise 

By: Simone Liedtke     22nd October 2018 Platinum miner Lonmin has entered into a $200-million metal purchase agreement with Pangaea Investments Management (PIM), an associate company of Jiangxi Copper Company (JCC), which will provide the miner with improved liquidity and remove certain restrictive current lender conditions. Of the... 

Lucara to hold first sale through Clara digital sales platform

By: Simone Liedtke     22nd October 2018 TSX-listed Lucara Diamond Corp will hold the first diamond sale through its 100%-owned digital sales platform, Clara Diamond Solutions, in November. It has invited a select group of large vertically integrated jewellery houses and global diamond manufacturers to participate in the sale. 

Quebec asbestos tailings recycler receives federal funding

By: Mariaan Webb     19th October 2018 Privately-owned Alliance Magnesium has received C$12-million in funding from the federal government to support the second phase of demonstrating its technology to extract magnesium from asbestos tailings. The announcement by International Development Minister Marie-Claude Bibeau on Friday comes... 

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