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Sibanye adds global experience to safety panel 

By: Marleny Arnoldi     17th January 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has established a Global Safe Production Advisory Panel, after identifying the need for an additional safety initiative in 2018. The panel consists of a group of leading academics and is chaired by Sibanye group safety head Dr Kobus... 

South32 delivers solid Q2 results; announces leadership shuffle 

By: Esmarie Iannucci     17th January 2019 Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of... 

European Metals gets offer for Cinovec lithium project

By: Mariaan Webb     16th January 2019 The board of European Metals on Wednesday confirmed that it had received an indicative offer from a member company of Krupa Global Investments (KGI) to purchase the Cinovec lithium project, located in the Czech Republic. The letter from KGI, however, does not contain any detail with regards to... 

Gold veteran says bigger may not be better as M&A blitz hits

By: Bloomberg     16th January 2019 The $15-billion flurry of deal-making that will super-size the gold industry’s leading producers is no guarantee of better performance, according to an Australian miner who’s been outpacing larger competitors. Rising gold prices and a hunt to boost additional reserves of the precious metal have... 

Monster gold-mining deals pile pressure on those left behind

By: Bloomberg     15th January 2019 Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed. “Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold’s purchase of Randgold... 

Argentina set to join global mining transparency initiative

By: Reuters     15th January 2019 Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors. The global initiative, launched by... 

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout 

By: Marleny Arnoldi     14th January 2019 NYSE-listed Newmont Mining Corporation and NYSE- and TSX-listed Goldcorp have entered into a definitive agreement that will result in Newmont acquiring all shares of Goldcorp in a stock-for-stock transaction valued at $10-billion. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont... 

Congo poll leaves uncertainty for miners at heart of EV revolution

By: Reuters     14th January 2019 The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila – has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading... 

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Anglo American betting on South America to grow base metal assets

By: Reuters     10th January 2019 Miner Anglo American is betting on South America as its main growth area for base metals in the coming years, a top executive told Reuters. Ruben Fernandes, who heads Anglo's operations in Brazil and is slated to become its global head of base metals next March, said he wants to prepare the... 

Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

By: Reuters     10th January 2019 Rio Tinto closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Cape Lambert is located about 1... 

Santos extends Beach/Senex agreements

By: Esmarie Iannucci     10th January 2019 Australian oil and gas major Santos has extended its gas processing agreement with ASX-listed Beach Energy and Senex Energy. The gas processing agreement extensions are expected to result in the production of up to 18 TJ of sales gas per day, or 20 PJ over the three-year term. 

Australia's Port Hedland iron-ore shipments to China jump 14 pct in Dec

By: Reuters     10th January 2019 Iron-ore shipments to China from Australia's Port Hedland terminal rose 14% in December from a month earlier, port data released on Thursday showed. Iron-ore shipments to China from the world's biggest iron-ore port totalled 37.4-million tonnes in December, compared with November's 32.9-million... 

Adapt IT to acquire Wisenet Group businesses

By: Tasneem Bulbulia     9th January 2019 Adapt IT, through its wholly-owned subsidiaries, has entered into agreements to acquire the businesses of the Wisenet Group, as well as the business intellectual property (IP) and existing IP rights of Wakatipu Management (Wisenet SG) for at least S$5.22-million. The Wisenet Group comprises Kura... 

November airline traffic healthy, but moderating – Iata

By: Tasneem Bulbulia     9th January 2019 The International Air Transport Association (Iata) on Tuesday announced healthy, but moderating, global passenger traffic results for November 2018. Total revenue passenger kilometres (RPKs) rose by 6.2% compared with November 2017, a slight deceleration from 6.3% growth in October. 

Qld LNG exports reach new heights

By: Esmarie Iannucci     8th January 2019 Liquefied natural gas (LNG) exports through the Port of Gladstone reached a record 20.58-million tonnes in 2018, the Queensland Resources Council (QRC) has revealed, reaffirming the sector’s importance to the Queensland economy. QRC CEO Ian Macfarlane said the data released by Gladstone Ports... 

Global Business Services incentive to bolster youth employment opportunities

By: Tasneem Bulbulia     7th January 2019 The Global Business Services (GBS) incentive, which came into effect from January 1, will create employment opportunities for the youth in South Africa, says Trade and Industry Minister Dr Rob Davies. He notes that the opportunities will be especially in the areas of medium to high complexity... 

Miners warn of Green's coal ban Bill

By: Esmarie Iannucci     4th January 2019 The resources sector has warned of the detrimental effects a Bill to ban thermal coal mining in the Galilee Basin, in Queensland, would have on the economy. The Galilee Basin (Coal Prohibition Bill) has been introduced by the Greens into the Federal Senate, and if made into law, will see the... 

India to auction 105 blocks in current FY, but upcoming election casts uncertainties

By: Ajoy K Das     21st December 2018 India will auction 105 mineral blocks before the end of the current financial year, the Mines Ministry informed Parliament on Thursday. According to information provided by the Mines Ministry, various state governments have completed the auction of 18 mineral blocks over the past nine months,... 

Indian billionaire's Australian mine plans face further delay

By: Bloomberg     21st December 2018 Gautam Adani’s long quest to build a coal mine in the Australian outback faces another setback, with the Queensland state government refusing to sign off on the company’s plans before further studies into the project’s environmental impact are complete. “Two plans are yet to be approved before... 

NSW approves modifications for Clean TeQ’s Sunrise

By: Mariaan Webb     21st December 2018 The Independent Planning Commission of New South Wales, Australia, has given ASX- and TSX-listed Clean TeQ the green light to implement a number of improvements at the cobalt/nickel project, which will allow it to more effectively respond to the rapidly growing demand for the metals that it will... 

Australia flags A$122bn rebound for commodities projects

By: Bloomberg     21st December 2018 Stronger prices, a brighter longer-term demand outlook and the rise of battery metals are laying the ground for a potential revival in mining and energy projects in Australia, according to the world’s top exporter of iron ore, alumina and coking coal. The value of so-called committed projects –... 

Australia warns of 'double whammy' risks to commodities outlook

By: Bloomberg     21st December 2018 Commodities are at risk from a “double whammy” of rising trade tensions and a substantial slowdown in global growth, the Australian government warned, as increasing uncertainty threatens to hinder record exports from the raw materials powerhouse. While Australia’s resources and energy shipments... 

Davies to launch revised business process services incentive scheme

By: Marleny Arnoldi     12th December 2018 Trade and Industry Minister Dr Rob Davies will, on Friday, launch the revised Global Business Process Services Incentive Scheme, while on a trip to London, in the UK. The launch of the revised incentive further supports and enhances South Africa’s value proposition, catalysing new investments... 

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

By: Ajoy K Das     16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

Northern Star’s Beament caps off golden year with Legend Award

1st November 2018 Northern Star Resources Executive Chairman Bill Beament has capped of a remarkable period of success for the company by being awarded the Mines and Money Legend in Mining at the International Mines and Resources Conference in Melbourne. Mr Beament joins industry luminaries such as Andrew Forrest,... 

New research finds developing countries’ coal miners face ‘substantial risk inequality’  

By: Tasneem Bulbulia     31st October 2018 Coal miners in developing countries are likely to be exposed to health and safety risks more often than those working in advanced economies, new research has found. Researchers from Cardiff University, funded by the Institution of Occupational Safety and Health (IOSH), have found that a lack of... 

Kirkland Lake positioned for a ‘strong finish’ to 2018

By: Creamer Media Reporter      31st October 2018 Mid-tier gold producer Kirkland Lake is positioned for a strong finish to the year, president and CEO Tony Makuch said on Tuesday, announcing another revision to the company’s production guidance for 2018. The miner, which operates in Canada and Australia, increased its full-year guidance to... 

TPP-11 to give Australian resources a major boost – Minerals Council

By: Esmarie Iannucci     31st October 2018 PERTH (miningweekly.com) – The Australian government has ratified the Trans-Pacific Partnership (TPP-11) trade agreement, a move that has been welcomed by the resources sector. Australia is the sixth country to ratify the agreement, meaning it can now enter into force on December 30, with... 

Victoria poised for new resource boom

By: Esmarie Iannucci     31st October 2018 Victoria’s mineral sector is expected to boom, with Resources Minister Tim Pallas this week announcing mining license extensions at two gold projects, and promising the release of further land for minerals exploration. Speaking at the International Mining and Resources Conference (IMARC) in... 

Glencore hikes coal cost savings forecast by 50%

By: Reuters     31st October 2018 Recent mine acquisitions have helped Glencore Plc achieve 50% more cost savings in its coal business than it had targeted, the world's biggest exporter of coal for power plants said on Wednesday. Glencore had expected to achieve annual cash savings of more than $300-million in its coal business... 

Sustainable mining is a force for good: Butler

30th October 2018 Mining needs to embrace its role as an agent of change for good – and tell the story of how it does this better – if it wants to continue to compete for investment dollars and talent in the future, according to International Council of Mining and Metals CEO Tom Butler. Speaking at the... 

World’s safest construction and mining truck debuts at IMARC

30th October 2018 Scania Australia revealed the new XT mining and construction range next-generation trucks at Melbourne’s International Mining and Resources Conference (IMARC) today, giving the industry the first opportunity to examine the extra-tough truck in the metal. The all-new extra-tough Scania XT delivers... 

Epiroc affirms its automation expertise with unveiling of new Regional Application Centre

30th October 2018 Epiroc proudly introduces its new Regional Application Centre (RAC), which aligns with the OEM’s ongoing focus on meeting customers’ growing pursuit to elevate uptime, boost productivity, improve safety and shrink operating costs through the implementation of technology. Based in five key cities... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Will Cars Eventually Run on Water?

29th October 2018 Electriq~Global launches water-based fuel to power electric vehicles An Australian-Israeli startup has found a way to use water in order to power electric vehicles  

Investors doubling their capital injection at IMARC this year

29th October 2018 In only its fifth year, the International Mining and Resources Conference has grown to be one of the largest events of its kind attracting the industry’s biggest operators and investors alike. The most up-to-date numbers show that investors with a staggering $5.4 trillion in assets under... 

On-The-Air (26/10/2018) 

By: Martin Creamer     26th October 2018 South Africa is ahead of the world in the new race to develop innovative ‘power fuels’ that prevent climate change. An Australian company is selling its four big South African coal mines in Mpumalanga to new black owners. The Mandela Mining Precinct this week took its first steps towards the... 

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