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Iron-ore outlook cut back by Morgan Stanley over rest of year

By: Bloomberg     27th June 2017 Iron-ore forecasts at Morgan Stanley have been chopped back for the remainder of the year, with the bank flagging prospects for rising low-cost production and the likelihood that the worldwide surplus will increase every year through to 2021. The commodity will average $50 a ton in the third... 

High hopes for inaugural Investing in LatAm Mining Cumbre

     26th June 2017 Generalist and specialist investors are returning to the Latin American mining sector in large numbers, as they see the opportunity for returns re-emerging, content developer and presentation coordinator Mining Indaba director of content Harry Chapman tells Mining Weekly. The cusp of... 

Brics Environment Ministers adopt sustainability initiative

By: Megan van Wyngaardt     23rd June 2017 The Brazil, Russia, India, China and South Africa (Brics) member countries’ Environment Ministers on Friday adopted the Partnership for Urban Environmental Sustainability Initiative (Puesi), which identifies water and air pollution prevention measures. The initiative further sets out to improve... 

On-The-Air (23/06/2017) 

By: Martin Creamer     23rd June 2017 Botswana is going all out to attract the global mining investors that South Africa’s controversial new Mining Charter is frightening away; South Africa’s contentious new Mining Charter has opened the way for Brazil to make its debut into platinum mining; and South Africa’s new Mining Charter is... 

High Commissioner ‘seized’ with avoiding post-Brexit trade interruption with South Africa

By: Terence Creamer     23rd June 2017 British High Commissioner to South Africa Nigel Casey says he is currently “very seized” with ensuring that measures are put in place “timeously” to guarantee no interruption in the trade relationship between the UK and South Africa when Britain leaves the European Union (EU) on March 29, 2019.... 

Advanced tech key to unlocking future competitiveness

By: Nica Schreuder     23rd June 2017 According to the Deloitte 2016 Global Manufacturing Competitiveness Index, CEOs globally believe that advanced manufacturing technologies are key to unlocking future competitiveness. “As the digital and physical worlds converge within manufacturing, executives indicate the path to manufacturing... 

South Africa’s steel production fell 3.5% y/y in May

By: Megan van Wyngaardt     21st June 2017 World crude steel production reached 143.3-million tonnes in May, a 2% year-on-year increase, the World Steel Association (worldsteel) reports. South Africa’s output, however, dropped by 3.5%, from 581 000 t in May 2016, to 561 000 t, indicating the ongoing challenges facing the local steel... 

Horizonte advances feasibility study for Araguaia project

By: Megan van Wyngaardt     21st June 2017 Nickel developer Horizonte Minerals has awarded contracts for key parts of the feasibility study at its 100%-owned Araguaia nickel project, in Brazil. The dual-listed miner has appointed Steinweg Handelsveem for material transport and logistics, SM&A Electrics for power infrastructure and power... 

New building inaugurated for company anniversary

     20th June 2017 Endress+Hauser Flowtec AG looks back 40 years – world-leading manufacturer for flow measuring technology The market for high-quality flowmeters has been growing for decades, with the name Endress+Hauser Flowtec AG in Reinach, Switzerland, closely linked to the last 40 years. “The new facility,... 

Iron seen in low-$40s by Citi as supply grows, demand peaks

By: Bloomberg     20th June 2017 Iron-ore may extend a slump into the low-$40s as supplies swell and demand reaches a short-term peak amid steel mill restarts and ramp-ups in China, according to Citigroup, which cut its forecasts by as much as 20% over the next year. The nadir in prices may occur in six to eight months, analysts... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

ExxonMobil sanctions $4.4bn Liza development, offshore Guyana

By: Henry Lazenby     16th June 2017 American multinational oil and gas corporation ExxonMobil has made a construction decision for the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The Irving, Texas-based company said on Friday that the Liza Phase 1... 

Cliffs picks Toledo site for first hot briquetted iron plant

By: Henry Lazenby     16th June 2017 US iron-ore producer Cliffs Natural Resources has chosen Toledo, Ohio as the site to develop its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market. Cliffs advised that it is currently in... 

Brazilian agency providing remote sensing training for African countries

By: Keith Campbell     16th June 2017 Brazil’s Instituto Nacional de Pesquisas Espaciais (INPE – National Institute for Space Research) has been providing training for Earth observation (EO) specialists from African and other countries (in Asia and Latin America), under its Capacitree programme, which is a capacity-building project... 

International exhibitors bring the tastes of tomorrow to Africa’s leading food and beverage conference on June 25

     15th June 2017 Africa’s Big 7 opens in just a fortnight in Johannesburg and some of the exhibitors from around the world reveal what they have in store - and why the target Africa  There’s a real sense of anticipation for visitors to this Africa’s Big 7 2017 with many international exhibitors using the show to... 

Orinoco declares maiden resource at Sertao

By: Esmarie Swanepoel     13th June 2017 Brazil-focused Orinoco Gold has reported a maiden mineral resource of 223 111 t, grading 6.9 g/t gold for 49 268 oz of contained gold at its Sertao gold project, located some 28 km from the Cascavel gold mine. The Sertao project forms part of the broader Faina goldfields project, and was... 

Exploration to restart in Great Australian Bight as Norway’s Statoil takes over BP permits

By: Esmarie Swanepoel     9th June 2017 Norway’s Statoil has inked a swap agreement with petroleum major BP, and will now start exploration in the Great Australian Bight. BP in October shelved plans to explore the Bight, following a review of the company’s upstream strategy. The company said at the time that the Bight project would... 

Greece to seek arbitration over Eldorado mine plans

By: Reuters     9th June 2017 Greece will seek arbitration to settle its differences with Canada's Eldorado Gold over gold mine developments, the country's energy ministry said on Thursday before the company's stock dropped more than 6%. Energy Minister George Stathakis has requested that the state's legal advisers prepare... 

Increase in demand to create opportunities

     9th June 2017 The utility and industrial boilers market is predicted to experience an increase in demand, across a scope of applications, owing to rising industrialisation, says research and consulting services company Transparency Market Research (TMR). According to a 2017 research report conducted by TMR,... 

BlackRock Metals pockets C$40m mine financing by Orion

By: Henry Lazenby     8th June 2017 Private Quebec-focused speciality metals project developer BlackRock Metals has secured C$40-million in equity financing led by Orion Mine Finance Group. The company, which intends to produce low-cost ferrovanadium, high-purity merchant pig iron (MPI) and titanium feedstocks for the US and... 

Low prices to pile more pressure on beleaguered nickel miners

By: Reuters     7th June 2017 Global nickel miners are coming under renewed pressure to cut costs or close capacity as a flood of cheap ore pushes prices to one-year lows, with analysts seeing little prospect of recovery. Indonesia and the Philippines are ramping up shipments of nickel ore after Indonesia relaxed an ore... 

World Bank says trade, manufacturing to boost 2017 global growth

By: Reuters     5th June 2017 The World Bank on Sunday maintained its forecast that global growth will improve to 2.7% this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices. The update of the multilateral development lender's Global Economic Prospects report... 

The hard-to-believe steel shortage that's unfolding in China

By: Bloomberg     5th June 2017 The world’s top steelmaker may have a shortage of steel. China has a lack of rebar, according to iron-ore miner Fortescue Metals Group, which says a shortfall of the key product helps to explain a divergence between the price of the commodity it digs up with the alloy it’s made into. There’s a... 

Owner of $1bn cobalt project says rally is far from over

By: Bloomberg     5th June 2017 Tight cobalt supplies will keep boosting the price of one of this year’s hottest commodities, according to Eurasian Resources Group, which is developing an almost $1-billion project in the Democratic Republic of Congo (DRC). Cobalt jumped 71% this year on surging demand for the metal used in... 

Alstom receives order in Canada

     2nd June 2017 Railway systems and equipment company Alstom has been awarded a firm order for the supply of 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area by Ontario government agency Metrolinx.  

Conference to focus on heavy haul rail industry

     2nd June 2017 The International Heavy Haul Association (IHHA), in partnership with State-owned freight logistics group Transnet and the South African Heavy Haul Association (SAHHA), will host its eleventh IHHA conference on September 2 to 6 at the Cape Town International Convention Centre, in South Africa.  

Structural supply side changes, growing demand support rising vanadium prices

By: Henry Lazenby     1st June 2017 Surging vanadium prices so far this year are underpinned by structural supply side changes and stable, growing demand from most end uses, analysis by independent market intelligence firm Roskill has found. Since falling to a 12-year low of $13.5/kg of ferrovanadium in the fourth quarter of 2015,... 

GoldMining consolidates Colombian gold/copper portfolio

By: Henry Lazenby     31st May 2017 Colombia-focused explorer GoldMining has consolidated gold/copper porphyry projects in the underexplored Mid Cauca Belt, adding the La Mina project to its portfolio following the closing of its $13.5-million acquisition of fellow junior Bellhaven Copper and Gold. La Mina bolsters GoldMining’s... 

A new botnet is lurking as Hajime has 300,000 devices waiting orders

     29th May 2017 If you thought the IoT botnet Mirai was bad, Westcon-Comstor warns of Hajime, which currently has 300,000 obeying devices which is currently conquering the Internet of Things world.   Hajime is, according to Westcon-Comstor vendor partner Kaspersky “a mysterious evolving Internet of Things (IoT)... 

Agile Capital acquires significant equity in Bluhm Burton

     29th May 2017 As a key PE player in the local market, Agile Capital actively targets investments that offer the ability to assert meaningful change. “We pursue opportunities across diverse sectors and consequently hold a broad portfolio spanning a wide range of industries,” notes Tshego Sefolo, CEO: Agile... 

Avanco on its way to midtier status

By: Esmarie Swanepoel     26th May 2017 A prefeasibility study (PFS) has proven that the Pedra Branca East copper/gold project, in Brazil, could realise project owner Avanco Resources’ ambition of becoming a midtier copper producer. The PFS estimates that the Pedra Branca East project could deliver some 24 000 t/y of copper and 16 000... 

Bongiwe Pityi

     26th May 2017 This week we feature Bongiwe Pityi, GM of OR Tambo International Airport   

Horizonte undertakes sustainability studies for Araguaia project

By: Megan van Wyngaardt     22nd May 2017 Dual-listed nickel development company Horizonte Minerals is moving closer to obtaining an installation licence for its 100%-owned Araguaia project, on the eastern margin of the State of Pará, north-eastern Brazil. The award of the licence, together with mining concessions, will allow for... 

KZN coal mine supplying communities’ water needs and more, mulls output expansion 

By: Ilan Solomons     19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still one of the water-scarce areas of the country. Helping neighbouring communities survive this disaster, investment company Menar... 

Dunnottar train manufacturing complex project, South Africa

By: Sheila Barradas     19th May 2017 The construction of the Dunnottar manufacturing facility is well under way and due to be completed by the end of 2017. 

Crusader mulls merger with Stratex

By: Esmarie Swanepoel     18th May 2017 Aim-listed gold explorer Stratex International has made a play for Brazil-focused Crusder Resources. The two companies on Thursday announced a nonbinding heads of agreement under which Crusader shareholders would receive 6.6 Stratex ordinary shares for every Crusader share held. 

Vale to shutter nickel mine in Canada; up to 200 jobs at stake

By: Reuters     16th May 2017 Vale Canada said on Tuesday it would suspend operations at its Birchtree nickel mine, in the province of Manitoba, on October 1, because of weak nickel prices and declining ore grades as the small, 51-year-old mine nears the end of its life. The suspension will result in up to 200 job losses and... 

Despite strong vanadium price recovery, Largo still under water 

By: Henry Lazenby     15th May 2017 The strong price recovery of the industrial metal vanadium pentoxide (V2O5) has not yet been enough to lift producer Largo Resources into the black, casting material doubts on the company’s ability to meet its financial obligations should it be unsuccessful in raising more cash. During the first... 

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