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Buoyed by mining recovery, Barloworld looks to Mongolia for growth 

By: Irma Venter     20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... 

Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

Over 40% of minority shareholders of Turquoise Hill oppose independent directors

By: Reuters     14th May 2019 A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of... 

BHP to keep Nickel West, Rio looks to Serbian lithium deposit for battery boom

By: Reuters     14th May 2019 Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to... 

New Ivanhoe president named as Johansson retires

By: Creamer Media Reporter      2nd May 2019 Tony Giardini has returned to Ivanhoe Mines and has been named president of the Canadian company, which is focusing on base metals and platinum-group metals projects in the Democratic Republic of Congo and South Africa. Giardini, who was most recently executive VP and CFO of Toronto-based... 

SailingStone to vote against Turquoise Hill independent directors

By: Mariaan Webb     26th April 2019 San Francisco-based investment advisory firm SailingStone Capital Partners has informed TSX- and NYSE-listed Turquoise Hill that it intends to vote against the independent directors of the company at the yearly meeting on May 14, citing concerns about corporate governance practices. MD MacKenzie... 

Turquoise Hill reviewing impact of Oyu Tolgoi Shaft 2 delay

By: Mariaan Webb     16th April 2019 Rio Tinto, the project manager of the Oyu Tolgoi, in Mongolia, has concluded a review of the fit-out and commissioning issues at Shaft 2 – the main production and services shaft of the underground development – and expects the Shaft to be completed by the end of October. Rio Tinto-owned... 

Rio Tinto cuts iron-ore guidance after challenging start to 2019

By: Mariaan Webb     16th April 2019 The year has started with “several challenges” for diversified mining group Rio Tinto’s iron-ore business, resulting in the major downgrading its guidance for 2019. Pilbara shipments are now expected to be between 333-million and 343-million tonnes for the year, compared with the previous... 

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... 

Xanadu scopes 20Mt opencut operation

By: Esmarie Iannucci     11th April 2019 A scoping study into the Kharmagtai openpit copper/gold project, in Mongolia, has confirmed the project economics and the project’s potential to become a robust, high margin, rapid payback and long-life operation, dual listed Xanadu Mines said. The scoping study estimated that the 20-million... 

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