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Supplying lithium gets trickier as electric revolution looms

By: Bloomberg     22nd August 2017 Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre has proved more difficult than expected. Bad weather and pump... 

Freeport-McMoRan redeems five series of senior notes

By: Henry Lazenby     18th August 2017 The world’s largest publicly traded copper producer Freeport-McMoRan (FCX) has redeemed five series of senior notes with a total value of $543-million. The Phoenix, Arizona-headquartered company advised that it had issued notices to redeem on September 18, with two series of FCX senior notes and... 

Integra Resources created to replicate Integra Gold’s success

By: Henry Lazenby     18th August 2017 Shell company Mag Copper has rebranded and appointed three former executives of Integra Gold, which was acquired by Eldorado Gold last month for C$590-million, to replicate the former company’s success elsewhere in the Americas. The company, to be rebranded Integra Resources, plans to acquire a... 

On-The-Air (11/08/2017) 

By: Martin Creamer     11th August 2017 Technology has been configured that will unleash another mining boom when implemented by the struggling mining industry; A massive 40% of the gold ore in South Africa’s rich gold basin is wastefully left behind because of outdated mining methods; and If platinum ore could be pre-sorted using... 

Chile short-lists seven companies for value-added lithium projects

By: Reuters     8th August 2017 The Chilean government has short-listed seven companies to develop value-added lithium projects in the country, state development agency Corfo said on Tuesday, the latest move in Chile's push to diversify its exports. Chile is part of South America's "lithium triangle," home to more than half the... 

Electric car boom drives rush to mining's $90bn heartland

By: Bloomberg     7th August 2017 A scramble by the lithium market’s biggest players to tie up supply of the high-tech metal is gathering pace in the 170-year-old heartland of Australia’s $90- billion mining industry. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving... 

SADC needs to promote intra-bloc trade and South Africa should lead – OECD

By: Keith Campbell     4th August 2017 The Organisation for Economic Cooperation and Development (OECD), in its July 2017 survey of the South African economy, has urged South Africa to promote further economic integration within the Southern African Development Community (SADC). “SADC is already the largest export market and a major... 

BP's West Africa partner Kosmos to list in London by end-September

By: Reuters     2nd August 2017 Kosmos Energy, which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the LSE by the end of September in a bid to attract more European investors, it said on Wednesday. Kosmos, which has been listed in New York since 2011, announced a major gas find in... 

Nyrstar beats H1 profit estimates on higher zinc prices, mining resurgence

By: Reuters     2nd August 2017 Zinc producer Nyrstar on Wednesday reported a core profit above estimates for the first half of 2017, aided by higher zinc prices and a resurgence in profitability at its remaining mining operations. Nyrstar has sold all of its mines in South America, but it has invested in its North American... 

SA-designed bakkie tailgate damper gaining traction in Australia

By: Dylan Slater     28th July 2017 The South African-designed and -manufactured bakkie tailgate damper EZDown is becoming increasingly popular and sought-after in the Australian utility-vehicle market.  

AR Controls acquires leading valve manufacturer

     21st July 2017 Valve and actuator technology manufacturer and supplier AR Controls of Vanderbijlpark has announced that it has acquired IncoValve and Controls. The latter will be established as a leading producer for a range of industries. IncoValve and Controls has worked closely with AR Controls to combine... 

Hold my hand, you silly girl

By: Terry Mackenzie-hoy     21st July 2017 On the November 26, 2011, I wrote: "After a recent tour, Public Enterprises Minister Malusi Gigaba has said the December 2013 deadline for the Medupi power station, in Lephalale, Limpopo, to start delivering power still stands. 'I have no intention of allowing any delays to the target of December... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Advantage Lithium accelerates drilling at flagship Cauchari asset

By: Henry Lazenby     11th July 2017 Canadian explorer Advantage Lithium has added a second drill rig at its Cauchari joint-venture (JV) lithium property, located in the Cauchari Salar of Jujuy province, in north-west Argentina. The Vancouver-based company said on Monday that the second rotary drill rig has been mobilised and has... 

Angola Cables starts construction on Brazil data centre 

By: Creamer Media Reporter      10th July 2017 Multinational telecommunications company Angola Cables has started the construction of its South American data centre, located in Fortaleza, Brazil, connecting to the subsea Internet cable linking Africa to the Americas. The data centre will run two key routes – the South Atlantic Cable System... 

Strategic partners Minera Alamos, Osisko Gold Royalties asset hunting in LatAm

By: Henry Lazenby     8th July 2017 Empowered by its strategic investment partner Osisko Gold Royalties, Canadian explorer and project developer Minera Alamos is on the hunt for large contiguous mineralised blocks in Mexico and elsewhere in Latin America. “As markets continue to improve in the short term, we are aiming at putting... 

A long, relaxed look at wind farms

By: Terry Mackenzie-hoy     30th June 2017 About two years ago, I was travelling on a train from London to York. On the way I passed the Drax power station. Drax was built to fire coal but at the time it was burning imported wood chips, which, by some logic of a green fanatic, was better for the planet than burning coal. The fact that... 

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... 

South32 awards R158m coal contract to 100% black-owned mining firm 

By: Martin Creamer     22nd June 2017 Diversified mining company South32 has awarded a three-year, R158-million contract at the Wolvekrans Middelburg Complex to 100% black-owned Modi Mining, which aims to source up to 90% of its labour from the nearby communities. The award marks an advance on the ASX- and JSE-listed company’s plans... 

Trump 'has a point' on China's cheap aluminium, Glencore CEO says

By: Bloomberg     2nd June 2017 Donald Trump “has a point” in criticising China’s trade in aluminium and steel as cheap power has effectively been a subsidy to Chinese producers, said Glencore chief Ivan Glasenberg. Trump should be pragmatic in dealing with China, given that it imports a lot of US goods, said Glasenberg... 

Tharisa appoints new nonexecutive director

By: Anine Kilian     1st June 2017 LSE- and JSE-listed platinum group metals and chrome producer Tharisa has appointed Roger Davey as independent nonexecutive director, effective June 1. Davey holds an MSc in mineral production management from the Royal School of Mines, Imperial College London and an MSc in water resource... 

Weak economy continued to exact toll on new-vehicle sales in April

By: Irma Venter     19th May 2017 A tough economy and a slew of public holidays, meaning less selling days, both took their toll on domestic new-vehicle sales in April, which, at 34 956 units, were down 5 392 units compared with the same month last year. Sales numbers released by the Department of Trade and Industry show that new... 

Vesco Plastics

By: Zandile Mavuso     12th May 2017 South Africa-based self-lubricated bearings and manufacturer VescoPlastics will be able to machine custom components faster and easier owing to the introduction of a new 5-axis computer-numerically-controlled (CNC) machining centre at its factory in Virginia, Free State. 

Saudi Arabia to host the Middle East’s first fly farm

By: Irma Venter     5th May 2017 The Kingdom of Saudi Arabia is to host the Middle East’s first fly farm, following the completion of a licensing deal between Saudi technology hub Sajt and waste-to-nutrient group AgriProtein. The agreement signals the start of a new industry for the region, namely the commercial-scale... 

K+S officially opens $4.6bn Saskatchewan mine, renames it ‘Bethune’

By: Henry Lazenby     2nd May 2017 Germany's K+S Potash Canada has opened its $4.6-billion new Legacy potash mine, in Saskatchewan, marking the handover of the mine to the operations team. The company stated on Tuesday that the five-year construction phase was successfully completed and the first tonne of marketable potash was... 

New-vehicle sales tumble as economy, politics bite

     2nd May 2017 A tough economy and a slew of public holidays, meaning less selling days, both took their toll on domestic new-vehicle sales in April, which, at 34 956 units, were down 5 392 units compared with the same month last year. Sales numbers released by the Department of Trade and Industry on Tuesday... 

South Deep output 43% down, costs 56% up – Gold Fields

By: Martin Creamer     26th April 2017 Quarter-on-quarter gold production at the South Deep gold mine fell 43% in the first three months of 2017, when costs soared 56%, Gold Fields reported on Wednesday. All-in costs (AIC) at the mechanised mine, located 45 km southwest of Johannesburg, rose to a high level of $1 821/oz in the first... 

Newmont’s Q1 results surprise to the upside as output, prices rise

By: Henry Lazenby     26th April 2017 US gold major Newmont Mining has surprised investors by beating average consensus estimates during the first quarter ended March, as the miner reported improved output and prices, which were slightly offset by higher costs. The Denver, Colorado-based miner reported net income from continuing... 

South American flavour coming to South Africa through Las Iguanas

By: Megan van Wyngaardt     13th April 2017 A new restaurant chain specialising in authentic Mexican, Brazilian and South American food and cocktails, is coming to Johannesburg in June, with Gold Brands bringing the UK midmarket restaurant brand Las Iguanas to the local market. “South Africans are always hungry for new places to dine, and... 

SA Hippo Main Attraction At PDAC 2017 Exhibition In Toronto

     4th April 2017 The PDAC International Convention, Trade Show & Investors Exchange is the world's leading Convention for people, companies and organizations in, or connected with, mineral exploration. Over 900 exhibitors and 22,000 attendees from over 100 countries will attend, while technical sessions, short... 

Swedish miner says Donald Trump doesn't hold key to metal prices

By: Bloomberg     28th March 2017 The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on US infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets. That’s because projects in the US and other... 

Saudi Arabia to build three fly farms, says AgriProtein

By: Irma Venter     28th March 2017 The Kingdom of Saudi Arabia is to host the Middle East’s first fly farm, following the completion of a licensing deal between Saudi technology hub Sajt and waste-to-nutrient group AgriProtein. 
The agreement signals the start of a new industry for the region, namely the commercial-scale... 

South32 to return additional $500m to shareholders

By: Martin Creamer     27th March 2017 Diversified mining company South32 on Monday announced that it intends to return an additional $500-million to shareholders, equating to 4.5% of the group’s current market capitalisation. The Sydney-, London- and Johannesburg-listed company said in a media release that this dividend-complementing... 

Gold company manager charged in vast Peruvian smuggling plot

By: Bloomberg     17th March 2017 The operations manager at a metals-refining company was charged with helping run a gold smuggling network that reaped-billions of dollars for illegal mines controlled by drug dealers and other criminals in South America. A criminal complaint against Juan Pablo Granda, 35, outlines a vast... 

Wealth Minerals files technical report that will guide Atacama lithium exploration

By: Henry Lazenby     17th March 2017 Vancouver-based lithium exploration junior Wealth Minerals has filed a Canadian National Instrument 43-101-compliant technical report with securities regulators that will guide a two-pronged exploration campaign at the company’s Atacama lithium project, in Chile. To test the exploration potential... 

Volkswagen restructures to fill sub-Saharan Africa gaps

By: Irma Venter     17th March 2017 German car manufacturer Volkswagen has established Volkswagen Sub-Saharan Africa as a regional operation, in a move aimed at developing and strengthening the African market. The new region joins the existing regions of North America, South America and China, and forms part of Volkswagen’s... 

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