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Bauxite News
Ghana President seeks to barter bauxite for roads, bridges
By: Bloomberg 7th March 2018 Ghana will finalise details of an infrastructure program before the end of the year and will pay for it with refined bauxite, said President Nana Akufo-Addo. The West African nation is seeking to derive more value from its bauxite resources by expanding the country’s processing capacity. Last... →
Mining-specific staff recruitment, management app developed 
By: Mia Breytenbach 6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... →
Global metals exploration likely to rise 20% in 2018 – S&P Global
By: Henry Lazenby 5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... →
Woodlawn underground mining contract awarded
By: Creamer Media Reporter 27th February 2018 Australian mining contractor Pybar Mining Services has been awarded the contract for underground mining at the Woodlawn zinc/copper project, in New South Wales, ASX-listed Heron Resources announced on Tuesday. MD Wayne Taylor commented that awarding the contract for Woodlawn was a key step on the... →
Resounding welcome for Gwede, who declines opportunity to comment
By: Martin Creamer 27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... →
Incoming Mineral Resources Minister Gwede Mantashe
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... →
Leon expects mining industry to have a future under Ramaphosa’s Presidency
By: Nadine James 16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... →
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon
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... →
Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules
By: Henry Lazenby 9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. →
Rio Tinto returns $9.7bn to shareholders in 2017
By: Natasha Odendaal 7th February 2018 Mining major Rio Tinto has delivered record full-year ordinary dividends of $5.2-billion, equating to 290c a share, and bringing total cash returns to shareholders for the year ended December 31, 2017, to $9.7-billion. The company posted an operating cash flow of $13.9-billion, underlying... →
CoM sees resurgence in hope, green shoots in South African mining industry
By: Mia Breytenbach 5th February 2018 There is new sense of hope in the mining industry and in South Africa, says Chamber of Mines (CoM) CEO Roger Baxter. “It gives us a new confidence that a resurgence is taking place in the industry for the year ahead,” said Baxter, who spoke at a media briefing at the Investing in African Mining... →
Chamber of Mines CEO Roger Baxter
Guinea's GDM ships first bauxite ore
By: Reuters 1st February 2018 Guinean bauxite mining company La Guineenne des Mines (GDM) shipped the first ore from its project in the western Boke region on Thursday and will target exports of two- to four-million tonnes this year, its chief executive said. The first cargo of 174 000 t of the aluminium ore was loaded onto... →
Coal India diversification strategy moves ahead
By: Ajoy K Das 31st January 2018 Coal India Limited (CIL) will complete the formation of a separate independent business to undertake diversified mining before the end of the current financial year. According to company sources, CIL will comprise two business verticals, independent of each other, one taking charge of diversified... →
Rio Tinto employs nearly 600 indigenous people in Cape York
By: Creamer Media Reporter 25th January 2018 Diversified mining group Rio Tinto is delivering on its commitments to provide employment to locals at its Cape York bauxite sites, in Australia’s far north. The Queensland Resources Council (QRC) reported on Thursday that Rio Tinto’s indigenous workforce had reached 574 across the bauxite sites,... →
Côte d'Ivoire mining sector turnover rose 11.5% in 2017
By: Reuters 25th January 2018 Côte d'Ivoire's mining sector turnover rose by 11.5% in 2017, an increase achieved mainly via exports of gold, manganese and nickel, the government spokesman said on Wednesday. "The mining sector announced a sales revenue of 539-billion CFA francs ($1.02-billion) in 2017, compared to 483-billion... →
New ‘disruptive’ mine borer heads for Indaba unveiling
By: Martin Creamer 18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... →
Danie Pretorius
BHP second-quarter iron-ore output up 3%, maintains forecast
By: Reuters 18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... →
Canadian miners welcome new federal business ethics ombudsman
By: Henry Lazenby 18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... →
DRA expands Asia-Pacific footprint
By: Martin Creamer 17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... →
DRA CEO Wray Carvelas
Glencore reserves should be valued higher – analysts
By: Martin Creamer 15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... →
Glencore CEO Ivan Glasenberg
Smarter mining, manufacture, agriculture needed, says IDC’s Maia
By: Martin Creamer 12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... →
Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week
By: Henry Lazenby 12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... →
Rio Tinto receives offer for aluminium smelter
By: Martin Creamer 10th January 2018 Diversified mining company Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto’s Aluminium Dunkerque smelter in northern France for $500-million. In accordance with French law, the London-listed company will launch a consultation process with employees, relevant... →
Takeover target Bauxite Resources offers to return capital to shareholders
By: Mariaan Webb 15th December 2017 Explorer Bauxite Resources has set aside $10.7-million of its cash to reward shareholders with a capital return of 5c a share in a move to thwart a bid from Mercantile Investment Company. Mercantile has announced an offmarket takeover bid for Bauxite Resource of 9 c a share for every two shares... →
Moody’s sees stable year ahead for base metals, but also expects some risk factors
By: Megan van Wyngaardt 13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... →
France-based miner AMR starts bauxite production in Guinea
By: Reuters 13th December 2017 Paris-based miner AMR began production at its Guinean bauxite mine on Tuesday, aiming to produce between 6 million and 10 million tonnes a year of the aluminium ore, the company said. Alliance Miniere Responsable (AMR) was founded by two French businessmen, and major shareholders include former... →
More than 100 jobs on offer at Rio Tinto’s Weipa mines
By: Creamer Media Reporter 12th December 2017 Diversified miner Rio Tinto has launched a recruitment drive for more than 100 new roles at its bauxite mines on the western Cape York Peninsula in Queensland. The opportunities are available across Rio Tinto’s operations at Weipa including existing mines at Andoom and East Weipa and the new... →
Crucial for commodity countries to build economic resilience – Unctad
By: Martin Creamer 11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... →
Cyril Ramaphosa calls for mining sector action
By: Martin Creamer 11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... →
Deputy President Cyril Ramaphosa
Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
By: Martin Creamer 8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... →
Australian Mines completes Sconi buy
By: Mariaan Webb 8th December 2017 ASX-listed Australian Mines is now the 100% owner of the Sconi cobalt/nickel/scandium project, after the completing the buyout of its joint venture partner’s shareholding in the northern Queensland project. Australian Mines has paid fellow ASX-listed Metallica Minerals A$4.5-million as its first... →
Glencore-Canada venture hitched to low-carbon economy shift
By: Martin Creamer 5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... →
Change or lose another 100 000 mining jobs – Cutifani
By: Martin Creamer 4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... →
Anglo American CEO Mark Cutifani
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