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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... 

What to expect on trade agreements front in 2017

By: Taapano Paradza      17th March 2017 As far as trade agreements are concerned, 2016 was an unprecedented year, with significant activity occurring that had never been witnessed in the past decade. The Economic Partnership Agreement with the European Union and South Africa’s first trade agreement with South America, the Common Market... 

VWSA MD takes on regional responsibility; Rwanda to open VW plant

By: Irma Venter     2nd 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... 

Despite missing analyst estimates, Newmont lifts FY headline earnings 89%

By: Henry Lazenby     22nd February 2017 US gold major Newmont Mining has reported an 89% increase in full-year 2016 adjusted earnings of $619-million, or $1.16 a diluted share, missing average analyst forecasts calling for earnings of $1.54 a share. The net loss attributable to Newmont stockholders from continuing operations narrowed... 

Major South African coal extension project on cards – South32

By: Martin Creamer     16th February 2017 A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to have robust economics. The original BHP Billiton capital expenditure (capex) of $500-million-plus for the two-year development has been more than halved under... 

Atrum prepares for busy 2017

By: Esmarie Swanepoel     14th February 2017 Coal project developer Atrum Coal has revealed plans to advance its Groundhog North project, in Canada, during this year. The company on Tuesday said it plans to submit an application for a small mine permit this year, to enable Atrum to start commercial operations at a rate of 250 000 t/y. 

SA Hippo To Exhibit At PDAC In Toronto

     10th February 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... 

CMC Networks in New Partnership with The Carlyle Group

     8th February 2017 CMC Networks, Africa’s largest managed connectivity provider, today announced that The Carlyle Group, a Global Alternative Asset Manager, has acquired a majority shareholding of CMC.  The transaction value exceeds $100 million (R1.4 billion) and Carlyle’s investment gives them a majority... 

Right conditions will unlock shared value for all South Africans – South32

By: Martin Creamer     6th February 2017 The right conditions will enable mining companies to deliver inclusive growth and meet the expectations of stakeholders, as well as deliver superior returns to shareholders, South32 president and COO Africa Mike Fraser said on Monday. In delivering a forceful address at the Investing in African... 

AngloGold expects up to 262% increase in headline earnings

By: Creamer Media Reporter      2nd February 2017 AngloGold Ashanti expects to report a 242% to 262% year-on-year increase in headline earnings to $104-million to $118-million for the year ended December 31. Headline earnings a share are expected to be 239% to 256% higher year-on-year. 

Mashaba cans R1bn Jozi@Work programme

By: African News Agency      2nd February 2017 Johannesburg Mayor Herman Mashaba on Thursday cancelled the City’s R1-billion co-production programme Jozi@Work, which was spearheaded by the previous administration, saying that it was littered with patronage. Jozi@Work, a programme designed to allow communities to partner with the city in the... 

Rio unit born in Death Valley is retooled for battery boom

By: Bloomberg     31st January 2017 During the financial crisis,  Rio Tinto Group needed cash and tried to unload its oldest mining business – one that began in 1872 hauling borates salts by mule from Death Valley to make US laundry soap. The company gave up on a sale because no one would pay the asking price. A decade later, the... 

Burner management systems market anticipates 5.5% growth by 2024

     27th January 2017 The global market for burner management systems (BMS) is projected to be worth $7.39-billion by 2024, expanding at a compound annual growth rate (CAGR) of 5.5% in that period, explains market research service provider Transparency Market Research (TMR). 

Ferrum appoints new project manager, firms deal with chairperson

By: Megan van Wyngaardt     9th January 2017 Triple-listed metals project developer Ferrum Crescent has entered into a contract of employment with its executive chairperson Justin Tooth to replace interim arrangements agreed at the time of his appointment in December. The contract has no fixed term and may be terminated by either party on... 

Eldorado, Goldcorp shuffle senior executives

By: Henry Lazenby     17th December 2016 Mid-tier miner Eldorado Gold on Friday announced the planned retirement of president and CEO Paul Wright in April 2017, nominating current Goldcorp executive VP and COO George Burns to succeed him. Vancouver-based Eldorado said Wright will remain on the Eldorado board as chairperson, replacing... 

Latin American miners expected to persist with cost-cutting and disinvestment strategies

By: Henry Lazenby     16th December 2016 The end of the commodities supercycle continues to have a dampening effect on several South American economies, especially those that previously relied on high hydrocarbons prices to achieve high rates of growth. As well as hitting government earnings and rates of economic expansion, the... 

Barrick appoints new member to the board

By: Anine Kilian     7th December 2016 TSX-listed Barrick Gold has appointed Argentinian Pablo Marcet to the company's board of directors. In a statement released on Wednesday, the company said his appointment reflected the increasingly important role the South American region will play in Barrick's long-term growth strategy. 

Agribusiness to face several challenges in the new year – Agbiz

By: Anine Kilian     25th November 2016 The South African agribusiness environment will be faced with various challenges in 2017, especially in terms of engaging with key land reform legislation, according to Agricultural Business Chamber (Agbiz) CEO Dr John Purchase, who delivered an agricultural industry forecast for 2017 on Friday.... 

Emerging phosphate miner gains momentum, aims to ‘change’ mining perception

By: Natasha Odendaal     25th November 2016 Emerging miner Kropz is working to change the perception of mining and become the new industry benchmark through the responsible operation and rehabilitation of the  Elandsfontein phosphate mine, near Saldanha Bay. The R1.35-billion Western Cape-based mine, a 70:30 joint venture between Kropz and... 

Filtration group focuses on product expansion

     25th November 2016 Filtration group CLARCOR Engine Mobile Group released over 250 filtration products in the first half of this year. 

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