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Diversified Miners News

Vale unveils 'massive' buyback programme amid iron windfall 

By: Bloomberg     28th April 2022 Vale unveiled its biggest-ever share buyback program as the Brazilian iron ore and nickel giant rewards shareholders concerned by softening Chinese demand. The world’s No. 2 iron-ore producer said Wednesday it will purchase up to 500-million shares -- around 10% of the total number outstanding... 

Vale first-quarter net profit falls 19.6%, but beats expectations

By: Reuters     28th April 2022 Brazilian miner Vale, one of the world's largest producers of iron ore, reported on Wednesday its first-quarter net profit fell 19.6% to a better than expected $4.45-billion as stronger pricing offset weaker production numbers. Vale earnings for the three months ended March 31 beat the mean... 

Commodity prices drive Teck's Q1 profit to record C$1.6bn

By: Mariaan Webb     27th April 2022 Canadian diversified major Teck Resources has reported an “exceptional” start to 2022, with record-setting first quarter financial results on the back of high commodities prices. The TSX- and NYSE-listed miner reported record adjusted profit of C$1.6-billion, or C$3.02 a share in the first... 

An image of Teck CEO Don Lindsay
Teck CEO Don Lindsay says the company has had an 'exceptional start' to 2022

Morrison promises green future in Qld

By: Esmarie Iannucci     26th April 2022 Diversified miner Glencore on Tuesday welcomed the promise of federal funding of up to A$35-million to its CTSCo carbon capture use and storage (CCUS) project. Prime Minister Scott Morrison, on the campaign trail in Queensland, has promised funding of over A$275-million to the Queensland energy... 

Mineral Resources mulls $1bn notes issue

By: Esmarie Iannucci     26th April 2022 ASX-listed Mineral Resources (MinRes) on Tuesday flagged a potential note offering of up to $1-billion. The company said that subject to market and other conditions, it would offer up to $1-billion of senior unsecured notes, due in 2027, and senior unsecured notes due in 2030. 

South32 sticks to its production outlook

By: Esmarie Iannucci     26th April 2022 Diversified miner South32 has maintained its production guidance for 2022 following a strong March quarter, while operating cost expectations for its Australian and South African operations have increased, on the back of stronger producer currencies, higher raw material costs and an increase in... 

New fund approved by Sibanye to foster R&D 

By: Darren Parker     22nd April 2022 The board of diversified miner Sibanye-Stillwater has approved a new fund called the BioniCCubE to foster research and development of new innovations and technologies, as well as market development, by investing in and leveraging strategic partnerships. “This will support the company on our path... 

Sibanye CEO Neal Froneman
Photo by Creamer Media
Sibanye CEO Neal Froneman

RBM commits R5m to support flood relief efforts in KZN

By: Darren Parker     22nd April 2022 Titanium dioxide mining company Richards Bay Minerals (RBM) and its parent company Rio Tinto have announced the commitment of R5-million towards supporting relief efforts in KwaZulu-Natal, following the devastation caused by the recent flooding in the region that killed more than 400 people. “The... 

Investor group to flag concern over Glencore's climate efforts - sources

By: Reuters     22nd April 2022 The world's biggest climate action investor group will back a shareholder challenge to Glencore's slow progress in scaling back coal production at the miner and trader's annual general meeting on April 28, two sources familiar with the matter said. Climate Action 100+ (CA100+) will flag to... 

Mining giants struggle despite commodities price boom

By: Bloomberg     22nd April 2022 The world’s biggest miners had a tough start to the year, struggling to hit production goals and keep costs under control in the face of Covid-19 disruptions and global inflationary pressures. Fresh from record profits, and with many commodities still trading at or near all-time highs, the... 

Mining giants struggle despite commodities price boom

Indaba allows stakeholders to nail colours to the mast

By: Nadine James     22nd April 2022 The Investing in African Mining Indaba – hosted at the Cape Town International Convention Centre from May 9 to 12 – allows companies and regulators to publicly state intentions, and drive stakeholders to action, says engineering solutions provider Zutari client director Dr Eduard Vorster.  “In... 

Consultancy bolsters leadership team

22nd April 2022 Mining industry consultancy CSA Global – a subsidiary of multinational consultancy ERM Group – last month announced the appointment of Africa manager Sifiso Siwela, who joined its regional team based in Johannesburg, South Africa. CSA Global partner and Africa director Brendan Clarke stated: “I... 

An image of Sifiso Siwela
SIFISO SIWELA The new manager is keen to progress with aligning the combined offerings of CSA Global and ERM to the emerging green economy

Inability to attract youth among challenges facing mining

By: Nadine James     22nd April 2022 Global research indicates that mining, as an industry, has the greatest potential to contribute toward a greener future, and yet it is facing unprecedented recruitment pressures, with advisory services provider BDO stating that new entrants into the workforce are questioning the attractiveness of... 

An image of three trainees and their instructor at the Murry & Roberts Training Academy, with the instructor pointing out how the Booyco Electronic CSX proximity  detection system works
Photo by Murray & Roberts Training Academy
SERVING THE YOUTH? New entrants into the workforce are questioning the attractiveness of a career in the industry, as there is a distinct gap between what Gen Zs want and what the industry currently offers

Indaba’s ESG focus resonates with tyre recycler

22nd April 2022 The main theme of the Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from May 9 to 12 – is environmental, social and governance (ESG), which resonates with the services and support mining tyre supplier Kal Tire provides to customers. The company... 

Image of Kal Tire’s recycling facility
RECYCLING FACILITY The facility puts stockpiles of end-of-life mining tyres through Kal Tire’s thermal conversion process, and returns the resulting products back into the global economy

All Star proposes changing its name to Marula Mining

By: Tasneem Bulbulia     21st April 2022 AQSE-listed All Star Minerals has proposed changing its name to Marula Mining. The directors believe the new name will better reflect the company’s updated strategic objectives and increased focus on delivering on its strategy of investing in, and developing, mining assets, as reflected in the... 

Glencore believes ESG responsibilities for coal assets should remain in-house

By: Darren Parker     21st April 2022 Diversified miner Glencore’s board believes the environment, social and governance (ESG) responsibilities related to its coal assets are best managed by the company as a responsible operator, rather than leaving those responsibilities to become someone else’s problem, Glencore chairperson Kalidas... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Anglo revises full-year production guidance for PGMs, met coal, iron-ore lower 

By: Marleny Arnoldi     21st April 2022 Diversified miner Anglo American has reported a 10% year-on-year decrease in production in the first quarter of this year and adjusted downward its full-year guidance for platinum group metals (PGMs), iron-ore and metallurgical (met) coal production. This “normally slower” first quarter was... 

Iron ore
Kumba Iron Ore operation

BHP adjusts copper and nickel expectations

By: Esmarie Iannucci     21st April 2022 Major BHP has lowered its full-year production expectations for its copper and nickel divisions, while warning of tight labour markers in Australia and Chile for the rest of the year. “BHP delivered safe and reliable production in the third quarter. Our Western Australian iron-ore business... 

Image shows BHP's Escondida operations at sunset

President Ramaphosa to deliver keynote address at Mining Indaba 2022

By: Martin Creamer     20th April 2022 President Cyril Ramaphosa will deliver a keynote address at the 2022 Investing in African Mining Indaba, which takes place in Cape Town from May 9 to 12. The attendance of Ramaphosa, who will speak on Tuesday, May 10, signals the continued importance of mining to the South African economy as a... 

Picture supplied.
President Cyril Ramaphosa.

Resources Watch  

20th April 2022 This week: Greater fuel cell adoption would be a massive boost for South Africa’s platinum group metals; and, Nedbank clients planning to close many renewable energy project deals this year 

Resources Watch Image
Resources Watch

Rio's iron-ore production continues to fall

By: Esmarie Iannucci     20th April 2022 Diversified major Rio Tinto has reported another quarter of falling iron-ore production and shipments. The miner on Wednesday reported that iron-ore shipments from the Pilbara operations had reached 71.5-million tonnes, down 8% on the previous corresponding period, and down 15% on the previous... 

Image shows an iron-ore operation in the Pilbara

Geopolitical support for hydrogen evolution positive for platinum group metals 

By: Martin Creamer     19th April 2022 The overall geopolitical situation is lending strong support to the hydrogen evolution, which in turn continues to drive the demand for platinum group metals (PGMs). Hydrogen Europe and the European Clean Hydrogen Alliance are now calculating that 2030 will see the generation of 320 GW to 400 GW... 

Picture supplied.
Heraeus Precious Metals Executive VP New Business Development Dr Philipp Walter

Firm looks to increase investment in outsourced businesses

By: Nadine Ramdass     15th April 2022 Private equity firm Agile Capital continues to search for investment opportunities, including in outsourced mining businesses. Agile Capital CEO Tshego Sefolo explains that outsourced mining services play a critical role in the mining industry. Therefore, the company aims to invest in businesses... 

An image of Agile Capital's CEO Tshego Sefolo
TSHEGO SEFOLO Outsourced mining services play a critical role in the mining industry

Employment solutions enable companies to focus on core objectives

By: Nadine Ramdass     15th April 2022 Integrated employment management solutions company Quyn provides a range of tailor-made employment management solutions for multiple industries, including the mining sector. These solutions offer significant value to companies, as they can focus on their core objectives while ensuring that... 

An image of Quyn MD Wayne Alcock
WAYNE ALCOCK Outsourced services allow mines to focus in their core objectives

Experts can simplify compliance challenges

By: Nadine Ramdass     15th April 2022 Mining houses need to be aware of tax legislation and compliance requirements to ensure that they are protected, and the most effective and efficient way of doing so is to use tax advisory specialists who are aware of any potential pitfalls in legislative requirements, particularly when procuring... 

Tanzanian project continues to develop

15th April 2022 Aim-quoted investment company Armadale Capital announced in February that it had made further progress in developing its mining lease at the Mahenge Liandu project in Tanzania, as part of ongoing plans to hasten commercial operations. It announced that the board had applied for three incremental... 

Men standing around a core drilling machine which is taking geotechnical samples to be evaluated elsewhere, at the Mahenge Liandu project in Tanzania
GRAPHITE GRADING The testing at the Mahenge Liandu project in Tanzania continues as Armadale Capital have applied for additional exploration licenses

Investor announces sell down of equity position

15th April 2022 Investment adviser Appian in February announced a strategic sell-down of its equity position to global rare earths company Shenghe Resources. At the time, Appian noted it had substantially exited its position in ASX-listed Peak Rare Earths, generating strong risk adjusted returns for its investors. 

A group of men stood at a sign which says Peak Rare Earths at Ngualla rare earths project in Tanzanid
AT THE PEAK Tanzania's Ngualla rare earths project owned by Peak Rare Earths shows great promise

Oxide mill expansion successfully ramped up

15th April 2022 Gold producer Tanzanian Gold Corporation, referred to as TanGold, announced in February that the first phase of the oxide mill expansion of 360 t/d at the Buckreef Gold project is now fully commissioned, and production has successfully ramped up to design capacity. TanGold also cited its... 

Large steel tanks with a man on site at the Buckreef oxide mill expansion project
TANK TOP The new the steel carbon-in-leach tanks were locally constructed for the Buckreef oxide mill expansion

Mining production contracted by 6% y/y in February

By: Darren Parker     14th April 2022 Mining production contracted by a steep 6% year-on-year in February following an upwardly revised acceleration of 1.7% in January. This is the largest contraction recorded since January 2021, when production fell by 7.8%. 

Anglo positioning itself as favoured iron-ore supplier to green steelmakers  

By: Martin Creamer     14th April 2022 Diversified mining company Anglo American is taking steps to position itself as a favoured iron-ore supplier to green steel producers. 

Creamer Media picture.
Anglo American sustainability presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Exxaro, GIBS host pioneer graduation ceremony for Contractor Development Programme cohorts

By: Tasneem Bulbulia     14th April 2022 Diversified miner Exxaro Resources and the Gordon Institute of Business Science (GIBS) Entrepreneurship Development Academy (EDA) on April 12 held the graduation ceremony for the first cohort of Contractor Development Programme participants. In November 2020, Exxaro launched the Contractor... 

Greater fuel cell adoption would be a massive boost for South Africa’s platinum group metals  

By: Martin Creamer     13th April 2022 The enactment by more governments of policies to enable greater hydrogen fuel cell mobility would be a massive boost for South Africa’s platinum group metals (PGMs) sector, Mining Weekly can today report. Adoption of hydrogen fuel cell mobility has already been significantly enabled by the German... 

Creamer Media picture
PGMs Industry Day webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Minerals Council bemoans South Africa’s drop in Fraser Institute rankings  

By: Marleny Arnoldi     13th April 2022 The Minerals Council South Africa says it is “deeply disappointing” that South Africa now ranks, for the first time, among the world’s ten least attractive mining destinations globally, as per the latest Fraser Institute Annual Survey of Mining Companies. The council says it serves as a warning... 

Minerals Council South Africa CEO Roger Baxter
Minerals Council South Africa CEO Roger Baxter

WA posts bumper resource year

By: Esmarie Iannucci     13th April 2022 Western Australia’s resources industry was worth a record A$230-billion in revenue in 2021, the state government revealed this week. Resources sales for 2021 were up 30%, or A$53-billion, from 2020, based on the latest annual data released by the Department of Mines, Industry Regulation and... 

Image shows yellow dumptrucks

Resources Watch  

13th April 2022 This week: SFA Oxford’s Forrest says hydrogen is key to long-term use of platinum; and, Training provider opening centre in Ghana 

Resources Watch image
Resources Watch

Glencore investors urged by Glass Lewis to reject climate plan 

By: Reuters     12th April 2022 Glencore shareholders have been urged to vote down the commodity trader’s climate progress report at an investor meeting later this month by an influential proxy advisory firm. Glass Lewis & Co. said that the lack of board oversight for the company’s climate program and insufficient clarity on... 

Glencore, GM enter multi-year cobalt supply agreement 

By: Martin Creamer     12th April 2022 Diversified mining and marketing company Glencore and General Motors (GM) on Tuesday announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The agreement represents initial strategic collaboration between the two... 

Picture from Glencore website.
Photo by Glencore
The Murrin Murrin operation in Australia.

Clients planning to close many renewable energy project deals this year – Nedbank CIB  

By: Martin Creamer     11th April 2022 While Africa is blessed with great natural sun and wind resources, it has about 600-million people living without access to electricity, which is one of the biggest impediments to the continent’s economic growth. Renewable energy is available to put an end to this impediment, as it can provide... 

Picture supplied
Nedbank CIB Group Managing Executive Anél Bosman interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.
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