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Diversified Miners News
Ma’aden to acquire Phatisa’s controlling shareholding in Meridian Group
By: Marleny Arnoldi 23rd April 2019 Private equity fund manager Phatisa has reached an agreement with mining and metals company Ma’aden on the sale of its controlling shareholding in Meridian Group. Meridian is a prominent African agricultural inputs business, which distributes about 500 000 t/y of fertiliser across Malawi,... →
Teck Resources beats profit estimates on energy business
By: Reuters 23rd April 2019 Canadian miner Teck Resources, the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said even though commodity prices were lower than a year ago,... →
Congo-Brazzaville ships first iron-ore ahead of expected production boom
By: Reuters 23rd April 2019 Congo-Brazzaville shipped its first iron-ore exports on Friday ahead of an expected boom in production from mines owned by Congolese billionaire Paul Obambi's Sapro and Swiss commodities giant Glencore. Sapro mined the oil-dependent Central African country's first iron ore in 2017 from its Mayoko... →
Anglo steps up defense to repel Agarwal's interest – Telegraph 
By: Bloomberg 23rd April 2019 Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal, the Telegraph reported, citing unidentified people. Agarwal has previously stated he had no intention to take over the miner, but bankers think he... →
Many companies still procuring unsuitable protective equipment for female mineworkers
By: Nadine James 19th April 2019 The number of women working in the mining sector has increased significantly over the past 17 years, with the numbers growing from 11 400 in 2002 to over 53 100 today, comments female footwear brand Sisi’s senior brand manager Vanessa Ronald. Sisi is one of eight brands under the BBF Safety... →
UMS Group follows alternative shaft sinking methodologies
By: Mc'Kyla Nortje 19th April 2019 Mining solutions provider Underground Mining Services (UMS) Group is focusing on an alternative shaft sinking methodology that emphasises safety and mechanisation. The UMS Group comprises Shaft Sinkers as well as Mining Engineering Technical Services (METS) aims to provide clients with the full... →
Mining sector’s pursuit of ‘zero harm’ continues
By: Simone Liedtke 19th April 2019 The South African mining industry has continuously recommitted to the shared aspiration of zero harm, which aims to ensure that mineworkers return home from work unharmed every day. While there was an 86% decline in the number of fatalities from 1994 to 2016, the death of 90 mineworkers marked a... →
LME ready to address flaws in its metal storage rules
By: Reuters 18th April 2019 The London Metal Exchange is poised to deal with a loophole in its warehousing rules, exposed after commodity trader Glencore bought large amounts of aluminium earlier this year, sources familiar with the matter said. But the exchange will have to wait until a complaint lodged by Glencore with... →
South32 coking coal output down 37%, energy coal hit by community protests
By: Esmarie Iannucci 18th April 2019 Diversified miner South32 has lowered its energy coal and alumina production expectations for the full year, following a tough March quarter. Energy coal production for the quarter declined by 1% on the previous quarter, to 6.3-million tonnes, while metallurgical coal production was down 37% to... →
Glencore’s Jeff Gerard appointed Katanga CEO
By: Simone Liedtke 18th April 2019 TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International’s Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Gerard’s appointment follows the signing of a management services agreement between Katanga and Glencore in January.... →
Moroccan miner Managem considering raising $200m in bond sales
By: Reuters 17th April 2019 Morocco's leading mining firm Managem says it is considering raising $200-million through the sale of nonconvertible bonds with a maturity of up to seven years, to fund its development plans. The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a... →
Rio farewells group exec
By: Esmarie Iannucci 17th April 2019 Diversified miner Rio Tinto has announced the retirement of group executive Joanne Farrell, who will retire at the end of September. Farrell joined the company in 1987 and has worked in a variety of roles across human resources, health, safety, communities and environment before joining the... →
BHP downgrades iron-ore outlook
By: Esmarie Iannucci 17th April 2019 Mining major BHP has revised its full year iron-ore production expectations on the back of Tropical Cyclone Veronica, telling shareholders on Wednesday that iron-ore production for the full year is now expected to be between 235-million and 239-million tonnes. This new guidance compared with... →
Katanga Mining resumes cobalt exports from DRC
By: Reuters 15th April 2019 Katanga Mining, a unit of Glencore, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto project in the Democratic Republic of Congo. The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was... →
Exxaro reaffirms health, safety goals at Sustainability Summit
By: Simone Liedtke 12th April 2019 Empowered diversified miner Exxaro Resources on Friday reaffirmed its safety, health and environmental goals at its yearly Sustainability Summit, held in Lephalale, Limpopo. The summit is being held soon after the group celebrated a 24-month fatality-free milestone. →
Vast raises £600 000 for Romania, Zim projects
By: Marleny Arnoldi 12th April 2019 Aim-listed diversified miner Vast Resources has raised £600 000 through a placement and subscription of around 440-million shares at a price of 0.135p apiece. The placing was for 407-million ordinary shares, and the subscription was for 37-million shares, of which 29-million and 7.4-million... →
Mbazima to retire from Anglo American after 18 years
By: Creamer Media Reporter 12th April 2019 Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30. “Norman has made an exceptional contribution to Anglo American over the last 18 years, delivered with tireless energy, most recently as deputy chairperson of Anglo American South Africa. He has played... →
Norman Mbazima
Rock engineering consultancy expanding service offering
By: Jessica Oosthuizen 12th April 2019 Outsourced rock engineering and seismic monitoring services provider Open House Management Solutions (OHMS) is continuously considering opportunities to expand its service offering to the minerals industry and develop in new, but related services, says OHMS MD Koos Bosman. OHMS has been in... →
Mineral-rich West Africa shows much potential
By: Mamaili Mamaila 12th April 2019 The cheerful mood among operators at the 2019 Investing in African Mining Indaba, coupled with some proactive and innovative governments competing for attention, suggests that the West African mining sector’s vast potential may increasingly be realised through the successful development of new... →
AEL to provide green solutions for mines in French West Africa
By: Mamaili Mamaila 12th April 2019 One of Johannesburg-based supplier and manufacturer of explosives AEL Intelligent Blasting’s core values for this year is going green, with sustainable development also informing its plans to enter the commercial explosives sector in French-speaking West Africa. Francophone West Africa, also... →
Explosives company expanding West African footprint
12th April 2019 South Africa-based explosives company BME continues to strengthen its presence in West Africa – which is poised to become one of the top five gold-producing regions in the world. BME – a division of the JSE-listed chemical manufacturing company Omnia Group – manufactures explosives at emulsion... →
Canadian junior miners losing out to cannabis companies – BDO Global
By: Nadine James 12th April 2019 Equity markets have “fallen out of love with junior miners” of late as investors have been lured to other sectors, specifically into cannabis stocks, notes a report by auditing and business advisory BDO Global partner Sherif Andrawes. The analysis, released last week, notes that investors that... →
JOHNNY-COME-LATELY investors that were traditionally attracted to the junior mining space have a secondary option, where the valuations are higher and forecast demand is reportedly worth billions
New ways of determining workers’ fitness for work urged amid changing laws and attitudes towards cannabis
By: Nadine James 12th April 2019 Changing societal perceptions, combined with more and more countries legalising cannabis use, means that companies should adapt traditional methods of determining whether employees are fit for duty, says Predictive Safety director of fatigue education Dr Doug Potter. →
South Africa’s Feb mining output down 7.5% y/y
By: Marleny Arnoldi 11th April 2019 Statistics South Africa has reported that mining production in February decreased by 7.5% year-on-year. The largest negative contributors were diamonds, with a 48.3% decrease in output, contributing -3.2 percentage points; gold, with a 20.6% decrease in output, contributing -3 percentage... →
Nearly 2 000 Zambian villagers can sue Vedanta in English courts – Supreme Court
By: Reuters 10th April 2019 Nearly 2 000 Zambian villagers have the right to sue mining company Vedanta in the English courts, London's Supreme Court said on Wednesday, raising the prospect other companies could face legal action in England related to their activities abroad. India-listed Vedanta, which delisted from London... →
Sibanye-Stillwater commits additional R30m to Wits Digimine
By: Nadine James 9th April 2019 Sibanye-Stillwater has committed an additional R30-million over three years, to the University of the Witwatersrand (Wits) Mining Institute’s Digital Mining Laboratory. The announcement was made on Monday, at the Wits Chamber of Mines building, during a two-day seminar hosted by the Wits Mining... →
Rio reveals $6.6bn tax bill for 2018
By: Esmarie Iannucci 9th April 2019 Mining major Rio Tinto on Tuesday revealed that it has paid some $6.6-billion in taxes and royalties during 2018, up from the $5.1-billion paid the year before. The miner paid some $4.8-billion in royalties and taxes in Australia during 2018, of which $3.17-billion was corporate income tax and... →
Rio Tinto approves $463m Zulti South project to extend RBM's life
By: Creamer Media Reporter 8th April 2019 Diversified miner Rio Tinto on Monday approved the construction of the $463-million Zulti South project − the next stage in the development of mineral sands producer Richards Bay Minerals (RBM), in South Africa's KwaZulu-Natal province. The project will sustain RBM's current capacity, as well as... →
Rio Tinto CEO Jean-Sebastian Jacques
BHP mulling job cuts and drive-in, drive-out in the Pilbara
By: Esmarie Iannucci 8th April 2019 Mining major BHP is reportedly looking to cut up to 700 jobs across Australia, with up to 200 job cuts expected from the Perth office, as the company works to simplify its business and streamline its processes. “BHP is working to simplify its business and in its support functions we aim to... →
Secondary mine ventilation system cutting costs
5th April 2019 Australian base water evaporator and ventilation solution provider Minetek has made available its patented secondary mine ventilation system, based on a high output axial fan system. The new technological solution, engineered and manufactured in Australia, categorically offers power savings and... →
Zimbabwe mine shaft nearing deepest point
5th April 2019 Despite the challenges of operating in Zimbabwe, exploration and development company Caledonia Mining‘s Blanket mine in Zimbabwe has delivered a “robust” performance, while the mine’s Central shaft has reached a depth of 1 150 m – only 54 m from the planned shaft bottom. “We made good progress on... →
Underground support company keeps abreast of developments
By: Halima Frost 5th April 2019 The shift towards mechanisation in the mining industry has prompted cable anchor supplier M and J Mining to continue developing and enhancing its Flexibolt range of prestressed cable anchor solutions and other technologies necessary to support the ever-changing needs of the deep-level mining... →
Council calls for greater modernisation in mines
5th April 2019 Minerals Council South Africa has reasserted the need to modernise deep-level mining technologies as part of its people-centred modernisation drive to extend the life of deep-level mines and, subsequently, ensure that the workforce is maintained. The South African mining sector has, for more than... →
Anglo taking tailings dam monitoring to next level
By: Martin Creamer 4th April 2019 Diversified mining company Anglo American is implementing new techniques that give the company far more control over tailings dams, which have been thrown into the spotlight after the tragic loss of life at Brumadinho, in Brazil, where an iron-ore tailings dam collapsed at Vale’s Corrego do... →
How Anglo American is reducing tailings dam risk
ERG joins UN Global Compact
By: Creamer Media Reporter 4th April 2019 Diversified natural resources group Eurasian Resources Group (ERG) has joined the United Nations Global Compact – the world’s largest voluntary corporate citizenship initiative. ERG has also undertaken to implement the compact's ten principles in the areas of human rights, labour the environment... →
MMG joins Glencore, ERG in reviewing Congo plans after tax hike
By: Bloomberg 4th April 2019 Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests. MMG, the Chinese-owned copper producer, is considering whether to invest in more expensive methods... →
Anglo hopes to run truck on hydrogen in 12 months – O’Neill
By: Martin Creamer 3rd April 2019 Diversified mining company Anglo American hopes to have a truck running on hydrogen in the next 12 months, Anglo American technical director Tony O’Neill said on Wednesday, when he spoke of foreseeing the company’s installed diesel fleet one day being replaced by an electrical alternative. To... →
Graphic showing how sun can provide electricity to produce hydrogen that powers mine fleets.
Mantashe to consult Mpumalanga community on alleged mining damage
By: Tasneem Bulbulia 3rd April 2019 Mineral Resources Minister Gwede Mantashe will on Thursday visit the community of Phola, in Mpumalanga, for an inspection and to engage with community members. Community members have raised concerns about damage to their houses as a result of blasting by mines around the community. →
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