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Lead project engineers appointed for Waterberg JV project

By: Creamer Media Reporter      Updated 2 hours 9 minutes ago A technical committee appointed by Waterberg JV Resources, which holds the Waterberg platinum project, in South Africa, has appointed Stantec Consulting International and DRA Projects South Africa as lead independent project engineers. Stantec will focus on underground mining engineering and... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

     11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

Mine fatalities in South Africa rise first time in decade

By: Bloomberg     8th December 2017 For the first time in almost a decade, more people are dying in South African mines, the world’s deepest and among the most dangerous. There were 81 fatalities from January through November, according to data from the Chamber of Mines, an industry lobby group. Harmony Gold Mining Co. reported a... 

Platinum's discount to palladium hits 16-year-high

By: Reuters     8th December 2017 Platinum's discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1 022.70 on Thursday, just off a 16-year high from last week, while platinum hit a... 

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

Mining production sees 5.2% increase in October

By: Anine Kilian     7th December 2017 Mining production increased by 5.2% year-on-year in October 2017, according to the most recent findings from Statistics south Africa. The largest positive contributors were iron-ore, which contributed 2.4 percentage points and coal, which contributed 1.5 percentage points. 

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

Eurasia plans to operate at least two openpits at West Kytlim in 2018

By: Mariaan Webb     5th December 2017 London-listed Eurasia Mining is considering bringing on board mining contractors to operate more than one openpit at the West Kytlim platinum and gold mine in the Ural mountains to mitigate the risk of a single operator. This comes as the contractor, RegionMetall, discontinued operations in... 

Creamer Media wows market with combined subscription offer

By: Creamer Media Reporter      4th December 2017 Creamer Media’s Research Channel Africa is a powerful information tool, providing real-time intelligence on industry and mining developments in Africa. Publishing Editor, Martin Creamer urges readers to “make a smart choice for 2018 and take up Creamer Media’s combined subscription offer”.  This... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina

By: Henry Lazenby     30th November 2017 Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec. “We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first... 

Implats’ CFO migrates to CoAL

By: Natasha Odendaal     30th November 2017 Coal of Africa Limited (CoAL) has appointed Brenda Berlin CFO. She will succeed De Wet Schutte, who resigned as FD effective, November 30, to pursue personal endeavours. 

Tharisa posts record production, profit for full year

By: Megan van Wyngaardt     30th November 2017 JSE- and LSE-listed platinum group metals (PGMs) miner Tharisa Minerals on Thursday posted record results for the year ended September 30, with earnings before interest, taxes, depreciation and amortisation up 168.7% to $115.6-million. This was paired with a 266.7% rise in its headline earnings... 

PTM shifts focus to Waterberg project, debts

By: Megan van Wyngaardt     30th November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday said its main focus in the year ahead would be on advancing its large-scale, bulk minable Waterberg project, in South Africa, after agreeing to sell its position in the Maseve mine to Royal Bafokeng Platinum. The miner said it would also focus on... 

FLSmidth launches new, modular Reflux Classifier plant 

     30th November 2017 Minerals and cement industry equipment and services supplier FLSmidth has officially launched its modular Reflux Classifier plant, which is suitable for fines gravity separation applications. Mia Breytenbach has the details. 

Lonmin to cut social, discretionary spending to save cash

By: Reuters     30th November 2017 Troubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters. The South African miner, not for the first time, is facing an... 

Regulatory red tape to stifle Russia’s palladium growth

By: Megan van Wyngaardt     29th November 2017 Despite rising palladium prices, the Russian government will continue to exert tight control over the quantities of palladium supply exiting the country, research firm BMI said on Wednesday. The firm warned that this would not only restrict the palladium’s growth prospects, but with the country's... 

PIC wants Lonmin board seats, Johannesburg main listing

By: Reuters     29th November 2017 South Africa's Public Investment Corporation (PIC) is planning to ask for two seats on the board of Lonmin by the end of 2017 and has suggested the platinum miner move its main listing to Johannesburg, its chief executive said. Lonmin, majority-owned by state-run PIC and listed in London since... 

Eastplats, HZT settle Crocodile River Mine dispute

By: Natasha Odendaal     24th November 2017 JSE- and TSX-listed Eastern Platinum (Eastplats) and China-based precious metals mining services provider Hebei Zhonghen Tianda Platinum (HZT) have reached a settlement agreement over the disputed 2016 Crocodile River Mine (CRM) share purchase agreement. The settlement terminates the share... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Way paved for PTM's disposal of platinum mine to Royal Bafokeng

By: Creamer Media Reporter      23rd November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday announced that the due diligence and the execution of binding legal agreements to sell Maseve Investment to Royal Bafokeng Platinum (RBPlat) had been concluded. The $74-million deal will see RBPlat pay Maseve an initial $58-million in cash to... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Gold Fields invests R6m to boost mechanised mining skills

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Two South Africans shortlisted for engineering innovation prize

By: Megan van Wyngaardt     22nd November 2017 Two young South Africans are among the 16 engineers hailing from seven countries in Africa, who have been chosen for the shortlist of the prestigious Africa Prize for Engineering Innovation. University of the Witwatersrand chemical engineering research fellow Collins Saguru has developed AltMet,... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Implats CFO steps down

By: Natasha Odendaal     21st November 2017 JSE-listed Impala Platinum’s (Implats’) group CFO and executive director Brenda Berlin has resigned, effective February 28, 2018, to take‐up a new corporate role aligned to her current aspirations. Implats has initiated the process to identify a suitable successor to Berlin, who had joined... 

WPIC forecasts yet another platinum deficit in 2018

By: Megan van Wyngaardt     21st November 2017 A global platinum deficit of 275 000 oz is expected in 2018, further reducing the availability of above ground stocks of the metal, which have contributed about 2.5-million ounces in the last year, the World Platinum Investment Council (WPIC) said on Monday. “[This] represents the sixth year that... 

Russia's VTB Capital aims to double gold sales to China in 2018

By: Reuters     21st November 2017 Russia's VTB Capital, one of Russia's biggest gold traders, aims to more than double sales of the precious metal to China next year, its global commodities chief said, after import curbs forced it to cut its target for this year. The investment banking unit of Russia's No.2 lender VTB, VTB... 

Nornickel sees capex rising by 2019-2020

By: Reuters     20th November 2017 Russia's Norilsk Nickel plans to increase capital expenditure to an average of $2.3-billion to $2.5-billion a year in 2019 and 2020 from about $2-billion in 2018 due to an environmental project and infrastructure modernisation, it said on Monday. Nornickel, part-owned by Russian businessman... 

Norilsk Nickel to increase 2017 palladium purchases

By: Reuters     20th November 2017 Russia's Norilsk Nickel, the world's top palladium producer, said it plans to boost purchases of palladium for its fund from Russian central bank reserves to help ease shortages in the market. Head of Global Sales and Marketing Markus Meurer told Reuters ahead of a presentation to investors that... 

Hernic’s improved performance in October sets pace for Q4

By: Megan van Wyngaardt     20th November 2017 The performance of dual-listed Jubilee Platinum’s Hernic operations improved significantly in October, with 45 596 t of material processed to produce 1 427 oz of platinum-group metals (PGMs) – a 22% month-on-month increase. Jubilee noted that this was in line with the company’s current focus on... 

Eskom tariff hike a threat to mining jobs – CoM

By: Natasha Odendaal     17th November 2017 The Chamber of Mines (CoM) on Friday opposed State-owned power utility Eskom’s proposed 19.9% tariff increase application, stating that the increase would send South Africa into a vicious downward spiral of higher electricity prices, lower growth and lower electricity consumption. Presenting at... 

Concor Infrastructure forges ahead with new construction projects

By: Marleny Arnoldi     17th November 2017 Diversified infrastructure and services company Concor Infrastructure is halfway towards completing the additional 14-m-wide dual carriageway on the N2 highway between Mtunzini and Empangeni, in KwaZulu-Natal.  

Nkwe resumes trading on the ASX

By: Esmarie Swanepoel     16th November 2017 South Africa-focused Nkwe Platinum has resumed trading on the ASX after nearly a year, following the lifting of a Section 47 notice on its Garatau project, in Limpopo. The South African Department of Mineral Resources (DMR) issued the Section 47 notice in October last year, threatening to... 

Forecast iron-ore price drop influenced by Chinese economic refocusing

By: Megan van Wyngaardt     15th November 2017 Maintaining its iron-ore price forecast at an average of $70/t for the year and $50/t for 2018, research firm BMI says its predicted price drop is influenced by China’s economic refocusing away from heavy industry. “This will dampen demand for iron-ore,” said the firm on Wednesday, adding that,... 

Companies from Amplats to StanChart on alert amid Zimbabwe coup

By: Bloomberg     15th November 2017 Companies are being vigilant over their operations in Zimbabwe after military vehicles descended on the capital of Harare and the army seized power, threatening President Robert Mugabe’s 37-year rule. Nedbank Group sent some South African employees home from Zimbabwe, the Johannesburg-based... 

Walkabout buys Lonmin’s Northern Ireland exploration portfolio

By: Esmarie Swanepoel     15th November 2017 Graphite developer Walkabout Resources on Tuesday announced its plans to diversify its exploration portfolio, with the acquisition of platinum miner Lonmin’s Northern Ireland exploration portfolio. Under the terms of the transaction, Walkabout acquired Lonmin’s Northern Ireland exploration... 

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