http://www.engineeringnews.co.za
R/€ = 15.90 Change: -0.01
R/$ = 14.08 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61
 

Topic

Trust in tailings? Vale dam disaster spurs investors into action

By: Reuters     15th February 2019 Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers. Beslik, head of sustainable finance at Swedish bank Nordea, blocked the bank's investment managers from buying any... 

Miner Vale says fire to halt operations at Malaysia distribution center

By: Reuters     15th February 2019 Brazilian miner Vale SA said a fire broke out on Friday in its distribution center in Malaysia, temporarily affecting shipments, according to a securities filing. Vale added that the fire caused "only material damages" and that operations are likely to resume in 10 to 15 days. 

Yamana forecasts stable-to-positive production growth to 2020

By: Nadine James     15th February 2019 TSX-listed Yamana Gold expects stable-to-positive production growth, with gold and silver output forecast to increase to 955 000 oz and 12-million ounces, respectively, by 2020. In the fourth-quarter and full-year results announcement on Thursday, the company stated that gold production would... 

China won't come to the rescue in global iron-ore supply crisis

By: Bloomberg     15th February 2019 China’s strict environmental regime means domestic iron ore mines won’t boost output to meet any supply shortfall after Vale’s dam disaster, according to the head of a major Chinese mining group. The global iron-ore market is in the grip of a supply shock after the deadly dam burst last month in... 

Kinross meets FY guidance, but posts lower earnings

By: Mariaan Webb     14th February 2019 Gold miner Kinross has reported a drop in adjusted earnings and also posted weaker production results, but the miner pointed out that its output and costs were in line with its guidance. Kinross produced 2.45-million gold-equivalent ounces (GEO) at an all-in-sustaining cost (AISC) of $965/oz,... 

Serabi off to a good start with January production of 3 671 oz

By: Marleny Arnoldi     13th February 2019 Aim- and TSX-listed Serabi Gold has set its 2019 production guidance at between 40 000 oz and 44 000 oz, with 3 671 oz already produced in January. CEO Mike Hodgson said in a statement on Wednesday that the step up from the production levels achieved in 2017 and 2018 will be driven by improved... 

Serabi reports fatality at Palito gold mine

By: Simone Liedtke     12th February 2019 Dual-listed Serabi Gold on Tuesday confirmed a fatality at its Palito gold mine, in Brazil, in a mining-related accident on February 11. The accident involved one of the company’s employees who sustained a crush-related injury and died from his injuries. 

Vale disaster could see Brazil’s iron-ore competitive edge slip away

By: Mariaan Webb     12th February 2019 The January 25 Brumadinho dam disaster is expected to knock Brazil’s competitiveness in the global iron-ore market and will elicit a supply response from mines in China, as well as new projects that could be brought on line in the next few years. This is according to analysts at London-based... 

Accenture seeks to improve mining sector data analytics 

By: Simone Liedtke     12th February 2019 Global professional services company Accenture is investing in a new Applied Intelligence Studio for Mining, in Johannesburg, which will combine the latest in data science and artificial intelligence technologies with deep industry knowledge for the development of new intelligent digital... 

Vale's rout lures locals while foreigners remain wary, UBS says

By: Bloomberg     11th February 2019 Local investors are starting to see value in Vale SA shares after a fatal accident last month wiped out nearly a quarter of its market value, while global investors remain skeptical, according to UBS Group. Approximately 80% of Brazilian investors are showing interest in buying Vale after the... 

Great Panther shareholders OK Beadell acquisition

By: Mariaan Webb     11th February 2019 The $105-million all-scrip acquisition of Beadell Resources by Great Panther ticked a key box on Monday, as shareholders of the TSX-listed miner approved the transaction. Shareholders in Beadell, which has a listing on the ASX, will meet in Perth on Tuesday and should they approve the... 

Flying iron-ore prices to boost Black Iron’s project economics

By: Mariaan Webb     8th February 2019 Canadian iron-ore developer Black Iron says high-grade iron-ore pellet product should sell at a premium for the next few years, resulting in attractive project economics for its planned Shymanivske project, in the Ukraine. A deadly dam burst in Brazil on January 25 has lit a fire under iron-ore... 

Iron-ore powers to highest since 2014 as Vale crisis intensifies

By: Bloomberg     8th February 2019 Iron-ore futures surged more than 5% to hit the highest level since 2014 on concern that the increasingly severe crisis at top producer Vale will curtail global supplies, tightening the seaborne market and offsetting the impact of a slowdown in China, the largest importer. Vale invoked force... 

Software adds value to automotive manufacturer supply chain

By: Thabi Madiba     8th February 2019 Software company Syspro Africa’s Enterprise Resource Planning (ERP) software enables automotive manufacturing and distribution companies to manage supply chain and financial processes. Syspro Africa professional services manager Doug Hunter explains that the ERP software assists automotive... 

Brazil set to ban upstream tailings dams after collapse kills hundreds

By: Reuters     7th February 2019 Brazil's mining agency plans to ban upstream tailings dams used for storing mining waste, a director at the National Mining Agency (ANM) said on Thursday, after such a dam burst last month, likely killing at least 300 people. Eduardo Leão, a director at ANM, said the agency aims to issue an... 

Norsk Hydro's Q4 hit by restricted Brazil output, lowers dividend

By: Reuters     7th February 2019 Norwegian metals producer Norsk Hydro warned it will miss its 2019 savings targets after falling well short of fourth-quarter earnings expectations hit by restricted output in Brazil and higher costs. Underlying operating profit fell 85% to 534-million Norwegian crowns ($62.48-million) versus... 

Vale declares force majeure on iron-ore after halt at mine

By: Bloomberg     6th February 2019 Vale did something it said it wasn’t going to do in the wake of the deadly tailings dam collapse in Brazil last month – declare force majeure on some of its iron ore contracts. Futures in Singapore gained. The Brazilian mining giant invoked the clause a day after a judge forced it to suspend... 

Obuasi mine to be an engine of growth for AngloGold, says CEO

By: Kim Cloete     6th February 2019 AngloGold Ashanti CEO Kelvin Dushnisky is very upbeat about developing its Obuasi gold mine, in Ghana, and has described it as being "in a class of its own on a number of metrics".  “It will be an engine of growth for this company. You need big, chunky engines of growth which, year after year,... 

Audit of burst Brazil dam found issues with drainage, monitoring - reports

By: Reuters     5th February 2019 A report commissioned by Brazilian miner Vale SA last year to look into the stability of the tailings dam that ruptured January 25 certified it as sound but raised concerns over its drainage and monitoring systems, newspaper Folha de S. Paulo reported on Tuesday. The report by German-based TÜV... 

Barrick partners with junior to explore Guiana Shield

By: Marleny Arnoldi     4th February 2019 Canadian explorer Reunion Gold has formed a strategic alliance with gold major Barrick Gold to jointly explore and develop prospects in South America’s Guiana Shield. Concurrently, TSX- and NYSE-listed Barrick will increase its interest in TSX-V-listed Reunion to 19.9%, from 15%, for 35-million... 

Call made for better connection with mining communities, stable regulation

By: Kim Cloete     4th February 2019 Stakeholders in the mining industry have called for stable regulation and agreed that there needs to be more collaboration and communication between mining houses, communities and mineworkers. Anglo American CEO Mark Cutifani told the Investing in African Mining Indaba in Cape Town that mining... 

Japan's Mitsui trims FY profit outlook, to keep stake in Vale

By: Reuters     1st February 2019 Mitsui & Co on Friday cut full-year profit forecast by 2% due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said. With 110 people confirmed dead and another 238 missing, according to... 

On-The-Air (01/02/2019) 

By: Martin Creamer     1st February 2019 The global investment community will be descending on Cape Town next week for Africa’s biggest meeting on mining’s investment calendar. South Africa’s platinum mining industry needs to find new markets to fill the gap left by changes in the automotive industry. The tragic mining disaster in... 

South African miners to review construction of tailings dams after Brazil disaster

By: African News Agency      1st February 2019 The Minerals Council South Africa on Thursday said local miners would be reviewing their tailing storage facilities construction, maintenance and operating protocols following the collapse of the tailings dam at Brumadinho in the Brazilian state of Minas Gerais. At least 60 people have been... 

Brazil's costly mining failures tied to cheap waste storage

By: Bloomberg     1st February 2019 The deadly collapse of a Vale tailings dam in Brazil is serving as a wake-up call for an industry that regularly cuts costs by storing mining waste in the cheapest possible way. The slurry of ground rock and effluents left over after companies extract marketable minerals from the ground has been... 

Pan African’s low-cost Elikhulu exceeding expectations

By: Nadine James     1st February 2019 Pan African Resources’ Elikhulu operation, in Evander, Mpumalanga is achieving a better-than-expected production performance, CEO Cobus Loots noted during an investor and media tour at the operation, on Thursday. As reported by Mining Weekly Online last month, the Elikhulu project, which started... 

Thermo ground wood line upgrade, Brazil

By: Sheila Barradas     1st February 2019 Melhoramentos Florestal plans to replace the existing spray-bleaching system in the dewatering machine at its thermo ground wood line at its operations in Minas Gerais. 

UK Minister for Africa Harriett Baldwin in SA for bilateral talks

By: African News Agency      31st January 2019 The United Kingdom (UK) Minister of State for Africa, Harriett Baldwin will arrive in Johannesburg on Thursday for a two-day visit to South Africa, the British High Commission said. Baldwin is set to hold talks with senior South African government officials, the business sector and civil society... 

BHP offers its assistance to Vale

By: Esmarie Iannucci     31st January 2019 Diversified major BHP has offered its assistance to its Brazilian joint venture partner (JV) Vale, after that company suffered a dam rupture at its Córrego do Feijão mine, in the city of Brumadinho, Minas Gerais, Brazil. Reports on Thursday stated that Brazilian rescue teams have recovered the... 

Strides made in S Africa’s IP landscape, but more substantial participation required  

By: Tasneem Bulbulia     30th January 2019 The intellectual property (IP) system in South Africa has evolved since 1994, leaving the country with a much better, more inclusive system than before – barring a few constraints, former Innovation Hub CEO Dr McLean Sibanda said on Wednesday. Speaking at a public lecture on South Africa’s IP and... 

Nornickel to boost nickel, palladium output in 2019

By: Reuters     30th January 2019 Russia's Norilsk Nickel (Nornickel), the world's largest palladium producer, said on Wednesday its output of palladium and nickel from Russian raw material would increase in 2019. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, said previously it would ramp up... 

Palladium, tailings dam disaster, brine opportunities make headlines 

30th January 2019 This week, Mining Weekly Editor Martin Creamer discusses Palladium theft, Brazil's deadly tailings dam collapse and the opportunities in brine. 

Iron-ore rockets as Vale supply disruption convulses market 

By: Bloomberg     30th January 2019 The global iron-ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared, with futures rallying more than 9%. Vale... 

Brazil makes Vale arrests as Cabinet meets on fatal dam break

By: Bloomberg     30th January 2019 Brazilian police arrested three employees and two contractors for embattled mining giant Vale SA as an investigation into a dam rupture that has killed at least 65 and left a path of destruction in the state of Minas Gerais widens. The two contractors worked for German consultancy firm TUEV SUED,... 

Kola gets $2.1bn price tag

By: Esmarie Iannucci     29th January 2019 The Kola potash project, in the Republic of the Congo (also known as Congo-Brazzaville), is expected to cost $2.1-billion to develop, triple-listed Kore Potash said on Tuesday. The ASX-, JSE- and Aim-listed company revealed that Kola would have a nameplate capacity of 2.2-million tonnes a year of... 

Vale's management on thin ice as spill fallout snowballs

By: Bloomberg     29th January 2019 As the death toll continues to rise from a fatal accident at a dam owned by Vale, the Brazilian miner’s top management is coming under increased criticism in the highest levels of government. "There must be punishment," Vice President Hamilton Mourao told reporters in Brazil’s capital on... 

Vale plunges as deadly dam disaster leads to dividend suspension

By: Bloomberg     28th January 2019 Vale’s dam breach left at least 60 people dead and 292 missing in Brazil, leading the world’s biggest producer of iron ore to suspend dividends as it braces for the financial fallout of the catastrophe. The shares plunged as much as 20%. The collapse of a tailings dam at the Feijao mine in the... 

Jangada doubles Jorc resource at Pedra Branca

By: Simone Liedtke     28th January 2019 The share price of Jangada Mines rose sharply on Monday morning, after the company announced an upgrade of 117% to its 2012 Joint-Ore Reserves Committee- (Jorc-) compliant resource, which, in turn, meant a substantial increase in the size and categorisation of the resource at the company’s Pedra... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close