Close on the heels of imposing penalties on iron-ore and manganese miners, the government of the eastern Indian province of Odisha is readying for a clampdown on coal and other nonferrous mineral miners for production beyond approved mining plans. The Odisha government is preparing notices to be issued to coal and nonferrous ore mining companies imposing hefty penalties for illegal extraction.
ASX-listed bauxite producer Australian Bauxite has delivered 30 000 t of bauxite ahead of schedule, from its Bald Hill mine, in Tasmania.
The customer will pay 90% of the invoice value immediately, with the balance due on proof of weight.
DUBLIN–(BUSINESS WIRE)–The “Global Metal Caps and Closures Market – Trends and Forecasts (2016 – 2021)” report has been added to Research and Markets’ offering. The global market for Metal Caps and Closures was worth $0.97 billion in 2014 and is projected to reach $1.06 billion in 2020, at a CAGR of 1.5%. The volume sales are projected to decline because of the resurgence of aluminum cans in the beer market. Carbonated Soft Drinks industry leads the market followed by beer and wine industry,
Buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the refuelling points can be centralised at a depot, and we’ve got a visit lined up to Germany to look at fuel cell buses and trains in October,” Impala Platinum (Implats) group executive marketing Paul Finney told Mining Weekly Online during a media roundtable.
A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial companies based in Johannesburg, announced they would drop KPMG due to reputational risk.
Upheaval in Tanzania, where the government has made huge tax demands and seized minerals, has triggered changes in neighbouring Kenya, which should reassure the industry, said the CEO of Goldplat, which operates a gold mine there. Chief Executive Gerard Kisbey-Green said he was nevertheless seeking to diversify his portfolio to cover more African nations and to expand into platinum group metals as he strives to offset African risk.
YUMA, Ariz.–(BUSINESS WIRE)–MPW has purchased 8 acres of land for a 30,000-square-foot industrial water regeneration plant. MPW’s regeneration facilities serve clients within a 700-mile radius, restoring the exhausted resin from the company’s mobile deionization systems back to an ionic form capable of purifying more water. Clients requiring pure water for their processes include the automotive, power generation, petrochemical and refining and pulp and paper industries. The new facility, whic
LSE-listed Rainbow Rare Earths has started mining ore from the Gasagwe pit at its Gakara rare earth project, in Burundi. CEO Martin Eales on Tuesday said the company was firmly on track to deliver its first shipment of concentrate from the mine in the fourth quarter of this year.
Aim-listed Petra Diamonds’ Finsch and Kimberley Ekapa Mining joint venture operations are being affected by a labour disruption that started on Monday evening. Underground and surface mining operations are affected, but plant treatment is continuing at near normal capacity, treating surface material and available stockpiles.
UNIONDALE, N.Y.–(BUSINESS WIRE)–Openlink, internationaal leider in handel, boekhouding en risicomanagement voor de energiesector, nutsbedrijven, het bedrijfsleven en de financiële dienstverlening, heeft vandaag bekendgemaakt dat Rich Grossi is benoemd tot CEO. John O’Malley wordt uitvoerend voorzitter van de raad van bestuur. Uit hoofde van die positie draagt hij bij aan de strategische koers van het Openlink Financial. Deze bekendmaking is officieel geldend in de originele brontaal. Vertalin
BHP on Tuesday urged shareholders to vote down a resolution aimed at getting the mining giant to quit Australia’s top mining lobby group, but said it will separately review its membership of industry bodies. BHP agreed to let shareholders vote on the resolution submitted by an ethical investing group, the Australasian Centre for Corporate Responsibility (ACCR), which says BHP should quit any industry groups whose views on climate change and energy policy conflict with the company’s own views.
Junior Artemis Resources will raise A$12-million through the issue of some 60-million shares, at a price of 20c each, to fund its share of gold exploration in Western Australia.
“These funds will allow Artemis to play a key role in working closely Novo [Resources] on the 50/50 joint venture (JV) for conglomerate and/or paleo placer gold at Purdy’s Reward and other targets within the mutual JV ground in the Karratha region of Western Australia,” said Artemis executive chairperson David Lenigas.
Graphite developer Syrah Resources is hoping to raise A$110-million through a share placement and pro-rata accelerated nonrenounceable entitlement offer to fund the development of its Balama project, in Mozambique, and to provide working capital.
The company said on Tuesday that some 7.4-million new shares would be offered to eligible institutional investors at A$3.38 each, to raise an initial A$25-million.
LISLE, Ill.–(BUSINESS WIRE)–Molex Drives Development of Next-Generation Network Technologies
Production at Aim-listed BlueRock Diamonds’ Kareevlei mine, in the Northern Cape, is now in excess of 20 000 t/m and is nearing the targeted 25 000 t/m. Reporting on its results for the six months to June 30, BlueRock on Tuesday noted that the average grade at the mine also continues to increase and reached 3.01 carats per hundred tonnes during the September tender.
Precious metals mining company Sibanye- Stillwater on Tuesday announced the impending launch of a $450-million convertible bond offering linked to the refinancing of the outstanding portion of the bridge loan the company raised to buy Stillwater Mining in the US. The senior unsecured guaranteed convertible bonds, which fall due in 2023, will be issued by the company on September 26, underpinned by the Stillwater and Kroondal operations.
Upheaval in Tanzania, where the government has made huge tax demands and seized minerals, has triggered changes in neighbouring Kenya, which should reassure the industry, said the CEO of Goldplat, which operates a gold mine there. Chief Executive Gerard Kisbey-Green said he was nevertheless seeking to diversify his portfolio to cover more African nations and to expand into platinum group metals as he strives to offset African risk.
A sharp rally in zinc prices is posing the threat that industrial users will find ways to substitute the metal with cheaper alternatives or use less, curbing overall consumption. High prices may also dampen a nascent move by Chinese automakers to use more zinc for galvanising, while the Western car sector could employ thinner coats of zinc alloys to help meet tough emission rules by cutting vehicle weight.
DUBLIN–(BUSINESS WIRE)–The “Global Abrasive Blasting Equipment Market 2017-2021” report has been added to Research and Markets’ offering. The global abrasive blasting equipment market to grow at a CAGR of 4.32% during the period 2017-2021. Global Abrasive Blasting Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a
Western Australian gold miner Doray Minerals has announced a new gold discovery at the St Anne’s prospect, at its Gnaweeda project.
The ASX-listed company noted that first pass reverse circulation drilling over the St Annes prospect had returned strong gold mineralisation, with 20 m at 2.4 g/t gold, including 8 m at 5 g/t gold.
Coal miner New Hope Corporation has swung back into black during the 2017 financial year, with the miner reporting a 362% increase in net profit after tax.
During the 12 months to July, net profit increased to A$140.6-million, compared with a net loss of A$53.6-million in 2016.
Congo State miner Gecamines said on Tuesday that foreign partners in copper and cobalt projects may have artificially minimised Gecamines’ proceeds and that it intends to to implement new controls to “hold its partners accountable”. Gecamines said that the preliminary results of audits conducted on its partnerships “indicate that Gecamines’ partnerships may have not been managed in the best interest of all shareholders, particularly the minority shareholder Gecamines”.
LSE-listed Gem Diamonds has recovered a high-quality 115 ct, D colour Type IIa diamond from its Letšeng mine, in Lesotho. This follows the recovery of five other diamonds of over 100 ct so far this year from the mine.
Rare earths developer Peak Resources was hoping to raise as much as A$5.5-million in a share placement and entitlement issue aimed at progressing work at its Ngualla project, in Tanzania.
The company on Tuesday announced that it will raise some A$2.8-million through a share placement to investors, priced at 4c a share.
ASX-listed Gulf Manganese has inked two ore supply agreements with manganese mining companies in Timor, to secure feedstock to start operations at the Kupang smelting facility, in Indonesia.
A further supply agreement was expected shortly, Gulf said on Tuesday, along the Kupang start-up to take place in early 2018.
Latrobe City Council criticises the push to consider the historical value of the Hazelwood Power Station after it was nominated for protection.
Activist investors are putting BHP’s already testy relationship with the big industry lobbyist under more pressure over climate change policies.
The seventh sale of diamonds produced from Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, saw the average price of rough stones fall to the lowest level since sales started in January.
The September tender included an unusually large proportion of small stones and fewer high-end goods, the company advised.
TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Central African Copperbelt in the Democratic Republic of the Congo (DRC), the company announced on Monday.
The Toronto-headquartered company will instead focus its efforts in 2017 on the Canadian Cobalt Camp, in Ontario, where it is in the process of consolidating a large land package.
The new growth strategy being evaluated by Brazil’s Vale would only be implemented once the company meets its debt reduction targets, an executive director for the world’s largest iron ore producer said on Monday.
The company is also interested in investing in the electricity sector itself or through a joint venture, including potentially bidding for Companhia Energetica de Minas Gerais hydroelectric projects, said Clovis Torres, an executive director who oversees legal issues and human resources.
A permitting delay by the Pennsylvania Department of Environmental Protection (DEP) to evaluate the approval of the Bailey mine permit for the 4L panel has pressed the company to move the longwall to another panel to resume operations.
The company expects the longwall move to last about four weeks and is implementing several measures to mitigate the production impact from this delay, including working added unscheduled shifts at the remaining four longwalls, compared with the previous five-and-a-half-day schedule.
Mining reforms in Brazil are raising the cost of operating without generating increased interest in investing in the sector, an executive for world’s largest iron-ore producer Vale said on Monday.
Brazil President Michel Temer issued decrees in July to boost mining royalties, create a new industry regulator and streamline regulations, arguing that efficient and transparent rules would bring in more investment.
Canada’s largest diversified miner Teck resources has added about 50 000 t of zinc output to the full-year guidance for its Red Dog mine, in Alaska.
The Vancouver-headquartered company advised that improving recoveries in the last few months has prompted it to lift guidance to a range of 525 000 t to 550 000 t of zinc, up from the most recent guidance range of 475 000 t to 500 000 t of zinc.
The Mining Association of Canada (MAC) has added two new components to its Towards Sustainable Mining (TSM) initiative to help curb the use of child and forced labour in the mining supply chain, and to provide the information needed to demonstrate the responsible sourcing of minerals and metals, the association announced on Monday.
Despite Canada having rigorous legal measures in place to prevent child and forced labour, this action was undertaken because MAC’s TSM initiative has been expanding internationally. These additions to TSM build on the programme’s commitment to continuously improve the social and environmental performance of the industry, the MAC said in a statement.
