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Diversified Miners News

Jubilee completes Sable Zinc refinery acquisition

By: Nadine James     12th July 2019 Aim-listed metals processing company Jubilee Metals Group on Thursday confirmed the completion of its acquisition of the Sable Zinc Kabwe refinery, in Zambia. “I am delighted that we have successfully achieved all conditions precedent for the implementation of the Sable Zinc Kabwe acquisition,... 

Greater input from Europe, North America will boost African mining

By: Tracy Hancock     12th July 2019 The African mining industry is largely holding its own, despite factors discouraging investor interest, with China delivering the sector’s foremost source of investment for mining projects and infrastructure development, says African Mining Network (AMN) chairperson Yolanda Torrisi. She says the... 

Greater input from Europe, North America will boost African mining
DRIVING DEVELOPMENT Policies that encourage the adoption of technology will help the industry to perform better, especially during mining downturns

LED trend lights up Africa

By: Tracy Hancock     12th July 2019 The African mining industry’s lighting requirements have evolved from standard high-intensity discharge (HID) products, which have been commonly used over the past 50 years, to more efficient and cost-effective light-emitting-diode (LED) products. This is according to South African industrial,... 

LED trend  lights up Africa
PLAYING CATCH-UP The African mining sector is quickly following lighting trends being set by mining sectors abroad

Company service offering geared for juniors

By: Mamaili Mamaila     12th July 2019 While mining majors often have in-house exploration experience, juniors lack this experience and thus engineering consulting company SRK Exploration Services (ES) is increasingly providing advisory services, from strategic to operational guidance, to juniors, says SRK ES Johannesburg branch... 

Company service offering geared for juniors
JOHN PAUL HUNT Without junior mining companies understanding the uncertainty that the data might reflect, there is a risk of making suboptimum business decisions

Fire protection company increases footprint in Africa

By: Jessica Oosthuizen     12th July 2019 Fire protection company Advanced Fire Suppression Technologies (Advanced FST) will extensively increase its African footprint in the next three to five years through local partnerships and acquisitions, says Advanced FST group executive Westley Barnardt. The company aims to offer more permanent... 

Fire protection company increases footprint in Africa
FIRE SUPPRESSION The Ansul Liquid Vehicle Suppressant liquid agent fire suppression system is designed to rapidly suppress fires in mobile equipment

Local miners struggling to acquire funding, yet opportunity exists

By: Jessica Oosthuizen     12th July 2019 Although mining companies and junior miners are struggling to secure funding for projects, listing on a stock exchange may offer opportunities for these companies to raise capital and grow their businesses, says exchange trading platform 4 Africa Exchange (4AX) business development head Noah... 

Lead, zinc and copper markets all in deficit during first quarter of 2019

By: Nadine James     12th July 2019 Provisional data reported to the International Lead and Zinc Study Group (ILZSG) indicate that global refined lead metal demand exceeded supply by 39 000 t during the first four months of 2019, the organisation stated in a press release last month. Over the same period total reported stock levels... 

Lead, zinc and copper markets all in deficit during first quarter of 2019
RUNNING LOW The global market for refined zinc metal was in deficit by 97 000 t over the first four months of 2019

Proactive maintenance saves mines reactive costs

By: Tracy Hancock     12th July 2019 US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform. The system can detect... 

Proactive maintenance saves mines reactive costs
DON’T BE REACTIVE Having measures in place to predict pending failures, enables mining companies to be proactive and stay ahead of problems instead of waiting to react and, as a result, spending capital to solve them

Cost savings crucial amid local industry decline

By: Jessica Oosthuizen     12th July 2019 The local mining industry declined by 10.8% in the first quarter of this year and the industry is on a huge cost-saving run, says bearings and power transmission products distributor Bearings International (BI) mining business development leader Shaun Combrinck. He tells Mining Weekly that BI is... 

Cost savings crucial amid local industry decline
EXTENDED COUPLING RANGE The Ringfeder-Henfel-Hernflex split flexible coupling is one of Bearings International’s new product offerings

Much demand for Africa-tough drive package

By: Tracy Hancock     12th July 2019 Drive engineering company SEW-Eurodrive has more active projects in the rest of Africa, than in South Africa, exports head Marcio Sicchiero tells Mining Weekly. Involved in the delivery of conveyor drive assemblies to various greenfield and expansion projects across a range of commodities on the... 

PGM investment, carbon tax and lower cost electricity make headlines  

11th July 2019 This week Mining Weekly editor Martin Creamer unpacks the Mirai Creation fund, carbon tax and lower cost electricity.   

PGM investment, carbon tax and lower cost electricity make headlines
Mining Weekly Editor unpacks this week's Second Take headlines. (Camera & editing: Nicholas Boyd)

Budget does not fully account for mining sector concerns – DA  

By: Tasneem Bulbulia     10th July 2019 The Democratic Alliance (DA) does not believe Mineral Resources and Energy Minister Gwede Mantashe’s budget vote for the Department of Mineral Resources, on Wednesday, took into account of the many areas of concern within the country’s mining industry. Speaking to Mining Weekly Online, DA Shadow... 

Congolese army fires in the air during protest near Glencore plant 

By: Reuters     8th July 2019 Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper... 

Spearmint embarks on Golden Triangle work programme

By: Nadine James     5th July 2019 Canadian company Spearmint Resources has started on a work programme at its Golden Triangle gold prospects over 3 705 ha of landholding directly bordering GT Gold Corp, in the Golden Triangle of British Columbia. “The price per ounce of gold has recently broken out to over $1 400 marking six-year... 

New software makes tyre management easier

By: Halima Frost     5th July 2019 Global mining tyre services and tyre supplier Kal Tire has completed the installation of its technology-based tractability software, the Tire Operations Management System (TOMS), at a coal mine in Delmas, Mpumalanga, and will finalise an installation at a surface mining customer in Rustenburg, in... 

New software makes  tyre management easier
TREAD CAREFULLY Data on key performance indicators on haul trucks is collected for predictive maintenance purposes

New multipurpose drill rig launched

5th July 2019 Global engineering company Sandvik Mining and Rock Technology has added a new surface top hammer drill rig – the versatile Commando DC300Ri – to its offering. The drill rig is ideal for drill and blast contractors as it suits multiple different applications, according to the company. 

New multipurpose  drill rig launched
DRILL SERGEANT The new Commando DC300Ri is a tough and manoeuverable drill rig for multiple applications

High-powered dump truck available in SA

5th July 2019 South African earthmoving equipment manufacturer and supplier Bell Equipment has added a new model to its range of articulated 4 x 4, two-axle articulated dump trucks (ADTs). The Bell B45E 4 x 4 was introduced to the market in April and, like all Bell 4 x 4s, the trucks are produced in Bell... 

High-powered dump  truck available in SA
RING A BELL The new articulated dump truck is modelled on its predecessor but offers higher power for niche mining applications

Local sector needs to combat imports, enhance manufacturing

By: Halima Frost     5th July 2019 Imports, and not an inability to export, are currently the largest obstruction in the local earthmoving and surface mining capital equipment sector, says South African Capital Equipment Export Council (SACEEC) CEO Eric Bruggeman. A machine can be imported and then either sold or hired at a... 

Local sector needs to combat imports, enhance manufacturing
IMPORTANT MESSAGE The message from South African Capital Equipment Export Council is that using locally manufactured equipment will help build South Africa's economy

Acquisition, base metals demand create growth in South America

By: Cameron Mackay     5th July 2019 Mining equipment manufacturer and supplier Metso’s acquisition of Chilean mining engineering and construction company HighService Corp’s service division will enable Metso to grow further in the mining sector in Chile and the South American region, says Metso Pacific Rim market area senior VP... 

Acquisition, base metals demand create growth in South America
EXPANDED OFFERING The acquisition of HighService Corp’s service division increases Metso’s service offering in the Chilean and Pacific Rim mining markets, maintaining its growth strategy

Chile mine conversions provide opportunities

By: Cameron Mackay     5th July 2019 The conversion of certain large openpit mining operations to underground operations, in Chile, will provide significant opportunities for minerals processing equipment supplier Multotec to expand further into the mining sector in South America. “We see the outlook for the mining sector in South... 

Chile mine conversions provide opportunities
SOUTH AMERICAN EXPANSIONS Multotec’s strategy is to align itself with the key mining industries in every country in which it operates

Company receives exploration permit for Brazil gold project

5th July 2019 Brazilian mining company Jupiter Gold received the exploration permit from the local mining department in Brazil for each of the three mineral rights that encompass its Serrita gold project. The Serrita project covers around 5 500 ha and is located in the state of Pernambuco, in the north-eastern... 

Company receives exploration permit  for Brazil gold project
Photo by Bloomberg
ROYALTY REVENUE Jupiter Gold will be receiving 50% of the gold revenues from the Pindaíba project, its first royalty project later this year

South American mining holds promise despite challenges

By: Cameron Mackay     5th July 2019 Investment in mining projects in South America is expected to continue, despite political and infrastructural challenges in key mining country economies, says international commodities consultancy Core Consultants MD Lara Smith. “Vast natural resources and relatively low labour costs make the... 

South American mining holds promise despite challenges
LARA SMITH Core Consultants is aware of a number of investors who have chosen to invest solely in South America, particularly in gold and lithium assets

Strategies, trials boost provider’s presence

By: Cameron Mackay     5th July 2019 Mining explosives solutions provider AEL Intelligent Blasting acquired full ownership of Brazilian explosives company Dinacon in April this year as part of its international expansion strategy, which will give the company an increased presence in South America. The acquisition includes a bulk... 

Strategies, trials boost  provider’s presence
LATIN AMERICAN EXPANSION The improvement of business and consumer confidence and other economic metrics in Latin American countries presents an opportune time for AEL to expand in this market

Strong fundamentals positioning miners to adapt to changing shareholder expectations

By: Simone Liedtke     5th July 2019 Despite the world’s top 40 miners consolidating their performance of the past several years, they are “not getting the credit for it”, according to consultancy PricewaterhouseCoopers’ (PwC’s) ‘Mine 2019: Resourcing the Future’ report, which provides key trends for the mining industry and PwC’s... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

Exxaro’s digital journey paying dividends

By: Nadine James     5th July 2019 The Digital@Exxaro Show & Tell event last week, demonstrated that the digital transformation initiatives implemented by Exxaro Resources have been instrumental in the company’s achieving record performances in coal production, sales and export volumes in 2018. CEO Mxolisi Mgojo explained that the... 

Exxaro’s digital journey paying dividends
Photo by Creamer Media's Dylan Slater
POGISO MTHIMUNYE Grootegeluk is experiencing its highest ever output in its 50-year history in part because of the implementation of the digital strategy

South African enterprises slow to adopt AI – study

By: Tasneem Bulbulia     4th July 2019 The technologies making up the Fourth Industrial Revolution (4IR) have yet to be adopted enthusiastically by South African enterprises, a new research study, entitled ‘Fourth Industrial Revolution in South Africa 2019: Enterprise uptake and expectations for emerging technologies’, has found. The... 

Zambia plans law compelling miners to procure locally – Minister

By: Reuters     4th July 2019 Zambia is planning a law to compel mining companies to give local suppliers a fair share of procurement, its mines minister said on Thursday, in the latest sign of the government taking an interventionist approach in its mining sector. Zambia is Africa's second-largest copper producer, with... 

Vedanta seeks arbitration from South African High Court amid KCM lawsuit  

By: Marleny Arnoldi     4th July 2019 Diversified miner Vedanta Resources on Wednesday obtained an ex parte order in the High Court of South Africa, granting the company leave to institute an urgent interim interdict application against ZCCM Investments Holdings. In terms of the urgent application, served on both Zambian company... 

Vedanta seeks arbitration from South African High Court amid KCM lawsuit

Resource exports tip the scale in May

By: Esmarie Iannucci     4th July 2019 New data by the Australian Bureau of Statistics (ABS) has shown that the resources sector generated a record A$24.9-billion in export earnings during May this year, accounting for 60% of total export income. Iron-ore exports also reached a record high in May, accounting for A$8.8-billion of the... 

Resource exports tip the scale in May

Wits Mining Institute to focus on effective leadership at upcoming seminar

By: Tasneem Bulbulia     3rd July 2019 The Wits Mining Institute (WMI) will hold a three-day seminar, from August 6 to 8, titled ‘Empowering Leaders for 21st Century Mining’, which will cover important topics relevant to leadership in mining, specifically for women. The programme has been designed by Wits Commercial Enterprise’s Short... 

Wits Mining Institute to focus on effective leadership at upcoming seminar
The Wits Mining Institute will hold a three-day seminar, titled ‘Empowering Leaders for 21st Century Mining’

Pallinghurst earmarks $1bn for battery, fuel cell materials 

By: Martin Creamer     3rd July 2019 Diversified investor Pallinghurst has entered the battery materials and energy storage revolution through the creation of a diversified battery raw materials platform. With the global electric vehicle and energy storage surge underpinned by government regulations and consumer demand for green... 

Pallinghurst earmarks $1bn for battery, fuel cell materials
Photo by Creamer Media
Arne Frandsen

Alcoa’s workers accept offer, ‘exhausted’ from 18-month dispute

By: Bloomberg     2nd July 2019 An 18-month labour dispute at an aluminum smelter in Quebec controlled by Alcoa Corporation ended after workers accepted a deal, defying the recommendation of their union’s leadership. On Tuesday, about 80% of workers at the Becancour plant voted to ratify the offer after a meeting of the United... 

Joburg forced to close road due to illegal mining in Roodepoort – Mashaba

By: African News Agency      2nd July 2019 Joburg Mayor Herman Mashaba on Tuesday said that the City has been forced to urgently close Iridium Street between Randfontein Road and Penny Road in Roodepoort from traffic for 12 months, due to illegal mining activities in the area. Mashaba said that illegal mining activities in the vicinity... 

 Joburg forced to close road due to illegal mining in Roodepoort – Mashaba
City of Johannesburg Mayor Herman Mashaba

Glencore paid $5.7bn in taxes, royalties to governments in 2018 

By: Marleny Arnoldi     1st July 2019 Diversified miner Glencore made $5.7-billion worth of payments to governments in 2018. This include income taxes, royalties and other payments. “Our activities within our operating countries enable governments to monetise their natural resources. Governments can use tax and royalty payments to... 

Iron-ore drives Australian resource export earnings to a record A$275bn

By: Esmarie Iannucci     1st July 2019 Higher iron-ore prices have helped to drive Australia’s resource export earnings to a record A$275-billion in the 2018/19 financial year, with export earnings expected to hit A$285-billion in 2019/20, data from the latest Resources and Energy Quarterly shows. Chief economist Mark Cully on Monday... 

Iron-ore drives Australian resource export earnings to a record A$275bn

Rio appoints new legal council

By: Esmarie Iannucci     1st July 2019 Diversified major Rio Tinto has appointed Barbara Levi to succeed Philip Richards as group executive, group general counsel from January 1, 2020. Richards will retire from Rio on December 31. 

DRC says it will remove illegal miners from Glencore site

By: Bloomberg     30th June 2019 Illegal miners will be removed from the site of a Glencore project in the Democratic Republic of Congo where at least 43 died this week, Interior Minister Basile Olongo told reporters from the mine on Saturday. “From tomorrow, if you come back here, you won’t see any more thieves”, he said from... 

Zambian court withdraws order blocking disposal of Vedanta unit assets 

By: Reuters     28th June 2019 A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of KCM's assets or making arrangements with its creditors. The about-turn from the Zambian High Court is the latest twist in a dispute between... 

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