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On-The-Air (22/02/2019) 

By: Martin Creamer     22nd February 2019 The global mining world this week turned firmly against the building of dangerous slimes dams following the death of 170 people in Brazil. The world’s biggest coal supplier this week bowed to the science of climate change by putting the brakes on increased coal production. South Africa’s biggest... 

Bill C-69 threatens natural resources investments, institute warns

By: Mariaan Webb     22nd February 2019 Bill C-69 – the legislation the Canadian government introduced last year to overhaul federal environmental assessments for major projects – threatens to further depress investment in the “already depressed” natural resources sector, research institute CD Howe has warned. In a new report, ‘A... 

Canadian mining companies under siege in proxy contests – law firm

By: Mariaan Webb     22nd February 2019 The number of proxy contests in Canada reached a four-year high in 2018, jumping to 13, including ten board-related contests, seven of which were in the mining or oil and gas sectors, according to international law firm Fasken. The seven mining-related board contests include Detour Gold... 

Client choice and protection at heart of bank’s approach to fintech regulation

By: Schalk Burger     22nd February 2019 Financial technology (fintech) services are growing worldwide and reshaping the definition of money, financial services and economies. However, while the disruptions roil existing business models, companies and industries, increasing the choice of fintech services for users while protecting their... 

BBE Group air-cooling consulting crucial to African mining prospects

By: Cameron Mackay     22nd February 2019 Consulting and engineering services business Bluhm Burton Engineering (BBE) Group’s air-cooling consulting and services are crucial to its involvement in several mining projects, with construction and delivery of design and build turnkey cooling solutions to mines across the African continent.... 

Client choice and protection at heart of bank’s approach to fintech regulation

By: Schalk Burger     22nd February 2019 Financial technologies (fintech) are growing worldwide and reshaping the definition of money, financial services and economies. However, while the disruptions roil existing business models, companies and industries, increasing the choice of fintech services users while protecting their rights is... 

Glencore auditing 140 slimes dams 

By: Martin Creamer     20th February 2019 Diversified mining and marketing company Glencore is auditing 140 slimes dams, 65 of them active and 75 of them closed. The company has been undertaking detailed assessments and audits of all material tailings storage facilities (TSFs) over the past three years, after accumulating a TSF... 

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Agnico Eagle to open two new mines in 2019

By: Mariaan Webb     15th February 2019 With two new mines at Meliadine and Amaruq to start operations in 2019, Canadian gold miner Agnico Eagle is forecasting record gold production for the year, building on the 1.63-million ounces that the company’s mines in Canada, Finland and Mexico produced in 2018. The full-year production... 

Fortune says Whati all-season road construction to start this year

By: Creamer Media Reporter      15th February 2019 The Northwest Territories government has signed an agreement with North Star Infrastructure to construct the Tlicho all-season road to the community of Whati, 50 km south of TSX-listed Fortune Minerals’ proposed Nico cobalt/gold/bismuth/copper mine. As part of its proposed development, Fortune... 

More Professionals In Search Of A Better Work Life Outside Of South Africa, Global Study Reveals

14th February 2019 More young South African working professionals are willing to relocate for work compared to their contemporaries around the rest of the world, according to new research by the The Boston Consulting Group (BCG) and The Network, in association with CareerJunction. The study, which surveyed 366,000... 

Norway gives go-ahead to disputed Arctic copper mine

By: Reuters     14th February 2019 Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen. "The mining project will strengthen the industrial base in the north," Industry Minister Torbjoern Roe Isaksen of the... 

WWF starts One Planet City Challenge 2019

By: Marleny Arnoldi     13th February 2019 Afgri Technology Services (ATS) has partnered with the University of Pretoria’s (UP’s) TuksNovation to foster innovation in the agricultural sector. TuksNovation is a nonprofit organisation founded by the university, in partnership with the departments of Trade and Industry and Small Business... 

Livent's lithium woes in China cloud industry outlook

By: Reuters     13th February 2019 Livent on Tuesday forecast a drop in Chinese lithium sales for the year because of uncertainty about the country's electric vehicle subsidies, a worrisome sign for other producers of the key battery component. The Philadelphia-based company, among the first major global lithium producers to post... 

Neometals recycling pilot gets under way

By: Esmarie Iannucci     12th February 2019 ASX-listed Neometals has commissioned Stage 1 of its lithium-ion battery recycling pilot plant in Canada. The pilot project is intended to demonstrate Neometals’ mixed feed flowsheet, which will accommodate a variety of lithium-ion battery types from multiple sources. The plant is expected to... 

Macro Engineering Starts 2019 with Record Sales

12th February 2019 Film and sheet extrusion machinery supplier Macro Engineering & Technology Inc. (Canada) has had an excellent start to the year 2019. Following the success of launching Macro's new line Quadex (Bi-axially oriented multiple-bubble lines) in 2018 and adding two new agents in Spain, Portugal, and... 

Trudeau faces ethics investigation over SNC-Lavalin case

By: Bloomberg     11th February 2019 Canada’s ethics watchdog is investigating whether Prime Minister Justin Trudeau broke the rules and pressured his former attorney general to help SNC-Lavalin Group settle corruption charges out of court. Ethics Commissioner Mario Dion confirmed his investigation Monday in a letter to two New... 

Ontario’s Madsen mine could be in production by May next year

By: Mariaan Webb     11th February 2019 The past-producing Madsen gold mine could be back in production by as early as May next year, current owner Pure Gold Mining reported on Monday, announcing the outcomes of a feasibility study for the project in Ontario’s Red Lake mining district. The study contemplates an 800 t/d underground... 

Proven Knife Gate Valves To Withstand Harsh Slurries

11th February 2019 The Krebs® Technequip™ TGW series of wafer-style knife gate slurry valves was designed specifically for the harsh and abrasive slurries encountered in the mineral processing and power industries, dealing with minerals ranging from cement, sand and gravel to coal, phosphate, ash and alumina.... 

First chrome concentrate shipped from Eastplats subsidiary’s retreatment facility

By: Tasneem Bulbulia     11th February 2019 Dual-listed Eastern Platinum’s (Eastplats’) Barplats Mines subsidiary has shipped the first 10 000 t of chrome concentrate from its newly built Zandfontein Upper Group 2 tailings chrome retreatment facility in South Africa’s North West province. The retreatment facility is being commissioned,... 

On-The-Air (08/02/2019) 

By: Martin Creamer     8th February 2019 The Mining Indaba has become a budding United Nations of Africa that is singing off the same hymn sheet to build a better continent. De Beers stole the Mining Indaba show by announcing a R30-million investment in diamond exploration in South Africa. Gold mining companies that destroy Africa’s... 

Big economic opportunity being missed as ewaste piles up

By: Natasha Odendaal     8th February 2019 The rise in electronic and electrical waste (e-waste) is resulting in a lost economic opportunity of $62.5-billion a year– a value greater than the gross domestic product of most countries – a new report shows. Each year, about 50-million tonnes of e-waste is being discarded – with less than 20%... 

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

Sumitomo books $137m one-off losses on Ambatovy nickel project

By: Reuters     6th February 2019 Japanese trading house Sumitomo Corp booked one-off losses of about 15-billion yen ($137-million) on the Ambatovy nickel/cobalt project in Madagascar in the October to December quarter and cut its nickel output estimate for the current year for the project. The losses include about 10-billion... 

Zambia receives bids for stake in State mining investment arm

By: Reuters     5th February 2019 Zambia has received bids from Canada's First Quantum Minerals (FQM) and others for a 17% stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday. "There are multiple unsolicited offers on the table, including from FQM, which are based on preferential share conversions,"... 

Metals streaming transactions to raise capital gain traction in Africa – Baker McKenzie

By: Tasneem Bulbulia     5th February 2019 Metals streaming transactions as a way to raise capital for development or acquisition financing is gaining popularity among African mining companies, says Baker McKenzie managing partner Morne van der Merwe and Banking and Finance head Wildu du Plessis.   They point out that such transactions... 

Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

4th February 2019 For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two... 

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... 

Aurora takes an axe to Molopo valuation

By: Esmarie Iannucci     1st February 2019 Aurora Funds Management has again downgraded the valuation of its shareholding in ASX-listed Molopo Energy, following that company’s quarterly results for December. Aurora in September of last year announced that the fair value of its holding in Molopo had been reduced from 3.6c a share to 2.6c... 

Teck says Q4 earnings ‘significantly’ short of consensus

By: Mariaan Webb     1st February 2019 Canada’s largest diversified miner has warned of an after-tax loss of C$86-million, or C$0.15 a share, for the fourth quarter, which is “significantly” below current consensus estimates. The loss warning follows the disappointing fourth-quarter financial results of Teck’s energy business unit and... 

Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

1st February 2019 For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two... 

Power-Gen Africa co-located with African Utility Week

By: Jessica Oosthuizen     1st February 2019 Following the acquisition of event organisers PennWell by event organisers Clarion Energy, this year, the Power-Gen Africa show will be colocated alongside African Utility Week (AUW), creating a truly scaled, end-to-end show encompassing the entire electricity and water value chain. The events... 

Ivanhoe reports ‘unprecedented’ copper intersection in the DRC 

By: Creamer Media Reporter      31st January 2019 The Kamoa North prospect area has delivered an “unprecedented” 22.3-m intersection of 13.05% copper in a thick, flat-lying deposit, sending Canada’s Ivanhoe Mines share price up 10% on the TSX on Wednesday. The new drill hole at the Democratic Republic of Congo-based project includes grades of... 

Eldorado opts for heap leaching at Kisladag, shelves milling project

By: Mariaan Webb     31st January 2019 Canada-based Eldorado Gold will resume mining and heap leaching at the Kisladag mine, in Turkey, putting on hold a previously announced mill project. The decision to resume mining and heap leaching follows improved heap leach recoveries and a revised heap leaching plan that was developed early... 

Strong investment case for gold in 2019 – World Gold Council

By: Marleny Arnoldi     31st January 2019 Global gold demand in 2018 increased by 4% year-on-year to 4 345 t and was in line with the five-year average demand of 4 347 t. The World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report, published on Thursday, said the increase was driven by a 52-year high in central bank buying and... 

Gold gets a safe-haven boost – Refinitiv’s GFMS report 

By: Nadine James     30th January 2019 Gold has benefitted in the fourth quarter of 2018 from investors seeking safe-havens, the latest GFMS Gold Survey, which Refinitiv released on Wednesday, states. Renewed interest from professional investors and a shift in the purchasing behaviour of emerging market central banks have compensated... 

DTI to host SA Investment Roundtable at African Mining Indaba

By: Tasneem Bulbulia     29th January 2019 The Department of Trade and Industry (DTI) will, in collaboration with the Department of Mineral Resources (DMR) and Brand South Africa, host a South African Investment Roundtable on the margins of the twenty-fifth Investing in African Mining Indaba, in Cape Town, on February 5. Team South... 

Xstate teams up with Hillcrest in North American hunt

By: Esmarie Iannucci     29th January 2019 ASX-listed Xstate Resources has struck a deal with TSX-listed Hillcrest Petroleum to jointly hunt for oil and gas acquisitions onshore Canada and the US. Xstate told shareholders that the alliance will be the primary investment vehicle for material investments by either party in the North... 

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