Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Resource development strategist Dr Paul Jourdan this week called for the local manufacture of mechanised mining equipment to neutralise job losses during the switch to machines. The former Mintek president says that even though mechanisation “massively” increases the quality of work in mines and dramatically enhances mine safety, it is often resisted because of job-loss fears. (Also watch Creamer Media video attached).
Tuesday 30 June 2015
Otmane El Rhazi : Assore warns of lower FY earnings amid lower iron, manganese prices
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
JSE-listed mining holding company Assore expects its attributable earnings for the year to June 30 to decline to between R1.23-billion and R1.5-billion, from R4.01-billion in the prior financial year. Headline earnings were expected to fall to between R1.7-billion and R2.08-billion, from R4.23-billion in the 2014 financial year.
JSE-listed mining holding company Assore expects its attributable earnings for the year to June 30 to decline to between R1.23-billion and R1.5-billion, from R4.01-billion in the prior financial year. Headline earnings were expected to fall to between R1.7-billion and R2.08-billion, from R4.23-billion in the 2014 financial year.
Otmane El Rhazi : KWG acquires 100% chromium IP
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Chromite explorer KWG Resources reported on Monday that it had acquired 100% ownership rights in two US provisional patent applications relating to the production of chromium iron alloys directly from chromite ore and the production of low carbon chromium iron alloys directly from chromite concentrates. KWG president Frank Smeenk said support from the Canadian government and the scientists of Natural Resources Canada demonstrated that owning the intellectual property (IP) would put the company in a better position to further investment in testing and commercialisation.
Chromite explorer KWG Resources reported on Monday that it had acquired 100% ownership rights in two US provisional patent applications relating to the production of chromium iron alloys directly from chromite ore and the production of low carbon chromium iron alloys directly from chromite concentrates. KWG president Frank Smeenk said support from the Canadian government and the scientists of Natural Resources Canada demonstrated that owning the intellectual property (IP) would put the company in a better position to further investment in testing and commercialisation.
Otmane El Rhazi : South32 secures ICMM membership
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
BHP Billiton spin-off South32 has successfully joined the International Council on Mining and Metals (ICMM), a move that is expected to deliver long-term benefits for the new globally diversified metals and mining company and its stakeholders. An independent expert review panel had recommended South32 for membership following a five-stage process scrutinising the company’s capacity to fully adhere to ICMM standards of responsible social and environmental performance in mining and metals operations.
BHP Billiton spin-off South32 has successfully joined the International Council on Mining and Metals (ICMM), a move that is expected to deliver long-term benefits for the new globally diversified metals and mining company and its stakeholders. An independent expert review panel had recommended South32 for membership following a five-stage process scrutinising the company’s capacity to fully adhere to ICMM standards of responsible social and environmental performance in mining and metals operations.
Monday 29 June 2015
Otmane El Rhazi : Australia cuts 2015 iron-ore price forecast by 10%
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia on Tuesday cut its price forecast for iron-ore in 2015 by 10% to $54.40/t, citing a weak outlook for the commodity's main market, China's steel sector. The forecast by the Department of Industry and Science is a sharp decrease from the $60.40/t predicted three months ago and is way off the $94/t touted in January.
Australia on Tuesday cut its price forecast for iron-ore in 2015 by 10% to $54.40/t, citing a weak outlook for the commodity's main market, China's steel sector. The forecast by the Department of Industry and Science is a sharp decrease from the $60.40/t predicted three months ago and is way off the $94/t touted in January.
Otmane El Rhazi : Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, mineral value chain lead consultant, struggle veteran and former ANC MP Ben Turok said on Monday. Turok, who was speaking at an economic policy dialogue in Pretoria – hosted by The Department of Trade and Industry and attended by Creamer Media’s Mining Weekly Online – said South Africa’s sometimes aggressive and hostile legislation was preventing co-operation between government and business, which was essential for the functioning of the economy. (Also watch attached Cramer Media video).
The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, mineral value chain lead consultant, struggle veteran and former ANC MP Ben Turok said on Monday. Turok, who was speaking at an economic policy dialogue in Pretoria – hosted by The Department of Trade and Industry and attended by Creamer Media’s Mining Weekly Online – said South Africa’s sometimes aggressive and hostile legislation was preventing co-operation between government and business, which was essential for the functioning of the economy. (Also watch attached Cramer Media video).
Otmane El Rhazi : Afarak to start Vlakpoort production in 2016
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Chromite miner Afarak Group has started bulk sampling at its Vlakpoort openpit mine, in South Africa. The dual-listed company on Monday reported that it expected the project to ramp up to full production in 2016, with measured, indicated, and inferred resources estimated at 1.9-million tonnes of chromite.
Chromite miner Afarak Group has started bulk sampling at its Vlakpoort openpit mine, in South Africa. The dual-listed company on Monday reported that it expected the project to ramp up to full production in 2016, with measured, indicated, and inferred resources estimated at 1.9-million tonnes of chromite.
Otmane El Rhazi : Chamber of Mines’ Sangqu appointed to Kumba board
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Anglo American South Africa executive head Andile Sangqu has been appointed as a nonexecutive director of Kumba Iron Ore, effective Monday. Representing shareholder Anglo American, the current Chamber of Mines VP would serve as a member of Kumba’s risk committee and the social, ethics and transformation committee.
Anglo American South Africa executive head Andile Sangqu has been appointed as a nonexecutive director of Kumba Iron Ore, effective Monday. Representing shareholder Anglo American, the current Chamber of Mines VP would serve as a member of Kumba’s risk committee and the social, ethics and transformation committee.
Otmane El Rhazi : Creamer Media publishes Real Economy Insight: Iron-Ore 2015 brief
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
This six-page brief is a synopsis of key developments in the iron-ore sector over the past 12 months, including details of the global and South African iron-ore markets, as well as prospects for the secto
This six-page brief is a synopsis of key developments in the iron-ore sector over the past 12 months, including details of the global and South African iron-ore markets, as well as prospects for the secto
Friday 26 June 2015
Otmane El Rhazi : Venture to keep Riley on hold until iron-ore prices improve
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia’s Federal Court has dismissed an appeal against the previous court decision to uphold the Federal Minister’s approval of ASX-listed iron-ore miner Venture Mineral’s Riley direct shipping ore (DSO) mine, in Tasmania. The decision effectively delivered Venture unencumbered environmental approvals for the development of the Riley iron-ore mine.
Australia’s Federal Court has dismissed an appeal against the previous court decision to uphold the Federal Minister’s approval of ASX-listed iron-ore miner Venture Mineral’s Riley direct shipping ore (DSO) mine, in Tasmania. The decision effectively delivered Venture unencumbered environmental approvals for the development of the Riley iron-ore mine.
Otmane El Rhazi : Flinders, Todd deal gains FIRB approval
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed Flinders Mines and New Zealand-based The Todd Corporation have been given the green light to move forward with their landmark option and sale of the Pilbara iron-ore project (PIOP), in Australia. Flinders MD Ian Gordon on Friday said that the Foreign Investment Review Board (FIRB) had notified Todd that there were no objections to the A$65-million deal signed with a Todd subsidiary in May.
ASX-listed Flinders Mines and New Zealand-based The Todd Corporation have been given the green light to move forward with their landmark option and sale of the Pilbara iron-ore project (PIOP), in Australia. Flinders MD Ian Gordon on Friday said that the Foreign Investment Review Board (FIRB) had notified Todd that there were no objections to the A$65-million deal signed with a Todd subsidiary in May.
Thursday 25 June 2015
Otmane El Rhazi : Assore, ARM enter agreements for R450m Dwarsrivier sale
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Definitive agreements have been inked for Assore’s R450-million buyout of African Rainbow Minerals’ (ARM’s) 50% indirect interest in the Dwarsrivier chrome mine, in Mpumalanga. The deal would see Assore gain full ownership of the mine, which was owned and operated by Assore and ARM’s joint venture, Assmang, through a special purpose vehicle (SPV).
Definitive agreements have been inked for Assore’s R450-million buyout of African Rainbow Minerals’ (ARM’s) 50% indirect interest in the Dwarsrivier chrome mine, in Mpumalanga. The deal would see Assore gain full ownership of the mine, which was owned and operated by Assore and ARM’s joint venture, Assmang, through a special purpose vehicle (SPV).
Otmane El Rhazi : NSL signs beneficiation MoU with Indian firm
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
After six years spent developing and refining an India-focused iron-ore strategy, along with the requisite beneficiation technologies, ASX-listed NSL Consolidated has cemented its ties with India’s State-owned Andhra Pradesh Mineral Development Corporation (APMDC) through a memorandum of understanding (MoU). The MoU, signed between the parties this week, would see collaboration on mining, beneficiation and value addition of low-grade iron-ore from the iron-ore developer’s Andhra Pradesh operation.
After six years spent developing and refining an India-focused iron-ore strategy, along with the requisite beneficiation technologies, ASX-listed NSL Consolidated has cemented its ties with India’s State-owned Andhra Pradesh Mineral Development Corporation (APMDC) through a memorandum of understanding (MoU). The MoU, signed between the parties this week, would see collaboration on mining, beneficiation and value addition of low-grade iron-ore from the iron-ore developer’s Andhra Pradesh operation.
Wednesday 24 June 2015
Otmane El Rhazi : Workers at Australia's Roy Hill iron-ore mine face pay cuts
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Workers at the $10-billion Roy Hill iron-ore mining project owned by Australian billionaire Gina Rinehart face a drop in salaries as a way of preserving jobs as the sector reels from low commodity prices. Iron-ore prices have slumped as much as 70% since construction of the mine began four years ago in partnership with South Korean steelmaker Posco, Japan's Marubeni Corp and Taiwan's China Steel Corp.
Workers at the $10-billion Roy Hill iron-ore mining project owned by Australian billionaire Gina Rinehart face a drop in salaries as a way of preserving jobs as the sector reels from low commodity prices. Iron-ore prices have slumped as much as 70% since construction of the mine began four years ago in partnership with South Korean steelmaker Posco, Japan's Marubeni Corp and Taiwan's China Steel Corp.
Otmane El Rhazi : Vale expects to raise $1.5bn from asset sale in Brazil
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Brazilian miner Vale could raise about $1.5-billion through the sale of a stake in one of its Brazil-based assets, a senior executive said on Wednesday. Vale, the world's largest producer of iron-ore, is scrambling to raise cash to shore up its finances in the midst of a price slump in the raw material. The transaction could be completed by the third quarter, Rogério Nogueira, head of investor relations, said at an event in São Paulo.
Brazilian miner Vale could raise about $1.5-billion through the sale of a stake in one of its Brazil-based assets, a senior executive said on Wednesday. Vale, the world's largest producer of iron-ore, is scrambling to raise cash to shore up its finances in the midst of a price slump in the raw material. The transaction could be completed by the third quarter, Rogério Nogueira, head of investor relations, said at an event in São Paulo.
Otmane El Rhazi : Fortescue welcomes Australia’s involvement in Asian Infrastructure Investment Bank
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore miner Fortescue Metals has welcomed Treasurer Joe Hockey’s announcement on Wednesday that Australia would become a founding member of the Asian Infrastructure Investment Bank (AIIB). Hockey has committed to contributing A$930-million as paid-in capital to the bank over the next five years, making Australia the sixth-largest shareholder in the Beijing-based organisation designed to help finance infrastructure projects across Asia. The AIIB will have paid-in capital of $20-billion with total authorised capital of $100-billion.
Iron-ore miner Fortescue Metals has welcomed Treasurer Joe Hockey’s announcement on Wednesday that Australia would become a founding member of the Asian Infrastructure Investment Bank (AIIB). Hockey has committed to contributing A$930-million as paid-in capital to the bank over the next five years, making Australia the sixth-largest shareholder in the Beijing-based organisation designed to help finance infrastructure projects across Asia. The AIIB will have paid-in capital of $20-billion with total authorised capital of $100-billion.
Otmane El Rhazi : Rutila wins Ministerial approval for Pilbara rail and conveyor project
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Western Australian Environment Minister Albert Jacob has given his approval for a 160 km railway line and a 40 km conveyor system to link the Pilbara Iron Ore Project (PIOP), being developed by Flinders Mines, with the proposed Balla Balla Infrastructure (BBI) port, in the Pilbara. The approval allows Rutila Resources to construct and operate the railway line and conveyor system, which company chairperson Nichols Curtis on Wednesday described as a “critical piece of infrastructure to advance the vision for its project into a reality”.
Western Australian Environment Minister Albert Jacob has given his approval for a 160 km railway line and a 40 km conveyor system to link the Pilbara Iron Ore Project (PIOP), being developed by Flinders Mines, with the proposed Balla Balla Infrastructure (BBI) port, in the Pilbara. The approval allows Rutila Resources to construct and operate the railway line and conveyor system, which company chairperson Nichols Curtis on Wednesday described as a “critical piece of infrastructure to advance the vision for its project into a reality”.
Otmane El Rhazi : Centrex to impair iron-ore assets as it shifts focus to potash
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Metals developer Centrex Metals will write down the noncash carrying value of its South Australian iron-ore portfolio and shift its focus to the development of the Oxley potash project, in Western Australia. The ASX-listed company on Wednesday said the recent volatility in spot and long-term forecast iron-ore prices had led to its decision to impair the noncash carrying value of its entire iron-ore portfolio asset base by A$17.4-million in the 2015 financial year.
Metals developer Centrex Metals will write down the noncash carrying value of its South Australian iron-ore portfolio and shift its focus to the development of the Oxley potash project, in Western Australia. The ASX-listed company on Wednesday said the recent volatility in spot and long-term forecast iron-ore prices had led to its decision to impair the noncash carrying value of its entire iron-ore portfolio asset base by A$17.4-million in the 2015 financial year.
Otmane El Rhazi : Asic takes Padbury Mining to court over Oakajee funding announcement
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The Australian Securities and Investment Commission (Asic) has started civil penalty proceedings against Padbury Mining and two of its directors over a bungled $6-billion funding announcement for the Oakajee port and rail project, in Western Australia. The civil action in the Federal Court of Australia is against Padbury, its MD Gary Stokes and executive director and chairperson Terence Quinn, whom Asic wants banned from managing companies.
The Australian Securities and Investment Commission (Asic) has started civil penalty proceedings against Padbury Mining and two of its directors over a bungled $6-billion funding announcement for the Oakajee port and rail project, in Western Australia. The civil action in the Federal Court of Australia is against Padbury, its MD Gary Stokes and executive director and chairperson Terence Quinn, whom Asic wants banned from managing companies.
Tuesday 23 June 2015
Otmane El Rhazi : SA’s rail revitalisation ambitions lauded as more opportunities arise
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
US Secretary for Transportation Anthony Foxx has lauded South Africa’s rail revitalisation efforts as State-owned Transnet and US-based General Electric (GE) developed one of the “best localisation case studies”. Speaking at a US State delegation tour of Transnet’s Koedoespoort locomotive facility, east of Pretoria, on Tuesday, GE Transportation president and CEO Russell Stokes said the partnership, which started over seven years ago, had delivered on key priorities of South Africa’s National Development Plan and would continue to do so as the duo entered the next phase of its partnership.
US Secretary for Transportation Anthony Foxx has lauded South Africa’s rail revitalisation efforts as State-owned Transnet and US-based General Electric (GE) developed one of the “best localisation case studies”. Speaking at a US State delegation tour of Transnet’s Koedoespoort locomotive facility, east of Pretoria, on Tuesday, GE Transportation president and CEO Russell Stokes said the partnership, which started over seven years ago, had delivered on key priorities of South Africa’s National Development Plan and would continue to do so as the duo entered the next phase of its partnership.
Monday 22 June 2015
Otmane El Rhazi : India's Mines Ministry keen to get auctions going but provinces not ready
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The India federal government is keen to set the ball rolling for the auction of mineral resources in the current financial year, but provincial governments are not ready yet. Two of the critical issues are an inability to fix the floor and reserve price and the contention of several local governments that mineral resource blocks should be offered along with all mandatory clearances to ensure optimal bids.
The India federal government is keen to set the ball rolling for the auction of mineral resources in the current financial year, but provincial governments are not ready yet. Two of the critical issues are an inability to fix the floor and reserve price and the contention of several local governments that mineral resource blocks should be offered along with all mandatory clearances to ensure optimal bids.
Otmane El Rhazi : Gulf Manganese redrafts Timor smelter study
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australia-registered Gulf Manganese Corporation has redrafted its Timor smelter study, which shows that the project has the potential to return earnings before interest, tax, depreciation and amortisation (Ebitda) of $374.7-million over a ten-year period. The ASX-listed company, which published the redrafted Timor smelter study and a project update on Monday, stated that the smelting hub would have an estimated net present value (NPV) of $160.6-million, using an 8% discount factor.
Australia-registered Gulf Manganese Corporation has redrafted its Timor smelter study, which shows that the project has the potential to return earnings before interest, tax, depreciation and amortisation (Ebitda) of $374.7-million over a ten-year period. The ASX-listed company, which published the redrafted Timor smelter study and a project update on Monday, stated that the smelting hub would have an estimated net present value (NPV) of $160.6-million, using an 8% discount factor.
Friday 19 June 2015
Otmane El Rhazi : Brazil's Usiminas intends to cancel iron ore shipment contract
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Brazilian steelmaker Usiminas intends to cancel its iron-ore shipment contract with the Sudeste Port, a private terminal near Rio de Janeiro, the port said on Friday. The statement did not say how much Usinas Siderurgicas de Minas Gerais, as the company is formally known, had agreed to export through the terminal nor did it give a reason for the desire to cancel the contract.
Brazilian steelmaker Usiminas intends to cancel its iron-ore shipment contract with the Sudeste Port, a private terminal near Rio de Janeiro, the port said on Friday. The statement did not say how much Usinas Siderurgicas de Minas Gerais, as the company is formally known, had agreed to export through the terminal nor did it give a reason for the desire to cancel the contract.
Otmane El Rhazi : Dust from abandoned Cliffs' mine casts pall over eastern Canadian town
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Heavy dust clouds blowing from Cliffs Natural Resources' abandoned Wabush iron-ore mine into a small township in the eastern Canadian province of Newfoundland and Labrador is putting a focus on the liability of miners that seek creditor protection and walk away from assets. Iron-ore and coal miner Cliffs Natural Resources Inc announced in February 2014 it was shutting down its Wabush mine. This year it sought creditor protection for its Canadian assets.
Heavy dust clouds blowing from Cliffs Natural Resources' abandoned Wabush iron-ore mine into a small township in the eastern Canadian province of Newfoundland and Labrador is putting a focus on the liability of miners that seek creditor protection and walk away from assets. Iron-ore and coal miner Cliffs Natural Resources Inc announced in February 2014 it was shutting down its Wabush mine. This year it sought creditor protection for its Canadian assets.
Otmane El Rhazi : Flinders suspends BFS activities at Pilbara Iron Ore
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore developer Flinders Mines said on Friday it had suspended the bankable feasibility study (BFS) activities at the Pilbara Iron Ore project, in Western Australia, until the outcome of the option agreement with the Todd Corporation was known. New Zealand’s Todd Corporation in May signed an option agreement with Flinders Mines to acquire the Pilbara Iron Ore project for A$65-million.
Iron-ore developer Flinders Mines said on Friday it had suspended the bankable feasibility study (BFS) activities at the Pilbara Iron Ore project, in Western Australia, until the outcome of the option agreement with the Todd Corporation was known. New Zealand’s Todd Corporation in May signed an option agreement with Flinders Mines to acquire the Pilbara Iron Ore project for A$65-million.
Otmane El Rhazi : Slide in China steel snuffs iron-ore rally, revives glut worries
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
A slump in Chinese demand for steel has poured cold water on a rally in iron-ore this month, with prices for the raw material likely to drop over the rest of the year, traders and analysts said. Iron ore surged 40% from a decade-low in just over two months as dwindling stocks at China's ports suggested tighter supply in a market that had been hit hard by plentiful ore.
A slump in Chinese demand for steel has poured cold water on a rally in iron-ore this month, with prices for the raw material likely to drop over the rest of the year, traders and analysts said. Iron ore surged 40% from a decade-low in just over two months as dwindling stocks at China's ports suggested tighter supply in a market that had been hit hard by plentiful ore.
Thursday 18 June 2015
Otmane El Rhazi : Rio’s Iron Ore Company of Canada fined under Fisheries Act
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
A Canadian subsidiary of global mining major Rio Tinto has been fined C$30 000 for unauthorised dumping of effluent into fish-bearing water. The Newfoundland and Labrador Provincial Court on Monday ordered the Iron Ore Company of Canada to pay a fine after pleading guilty to offences under the Fisheries Act related to the Metal Mining Effluent Regulations (MMER).
A Canadian subsidiary of global mining major Rio Tinto has been fined C$30 000 for unauthorised dumping of effluent into fish-bearing water. The Newfoundland and Labrador Provincial Court on Monday ordered the Iron Ore Company of Canada to pay a fine after pleading guilty to offences under the Fisheries Act related to the Metal Mining Effluent Regulations (MMER).
Wednesday 17 June 2015
Otmane El Rhazi : Tharisa shares up on platinum/chrome miner’s profitability turnaround
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The share price of the JSE-listed Tharisa plc rose strongly in Johannesburg on Wednesday on the platinum group metals (PGMs) and chromium concentrates miner’s profitability turnaround. The share price of the Cyprus-domiciled but South Africa-focused company, which increased PGMs production by 49.5% to 57 400 oz in the six months to March 31, soared 12.7% in early trade to R7.10 a share.
The share price of the JSE-listed Tharisa plc rose strongly in Johannesburg on Wednesday on the platinum group metals (PGMs) and chromium concentrates miner’s profitability turnaround. The share price of the Cyprus-domiciled but South Africa-focused company, which increased PGMs production by 49.5% to 57 400 oz in the six months to March 31, soared 12.7% in early trade to R7.10 a share.
Otmane El Rhazi : Tawana given green light to start new exploration of Mofe Creek South
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX- and JSE-listed iron-ore company Tawana Resources on Wednesday announced that Liberia had granted it approval to start exploration work on its recently acquired, 100%-owned MEL1223/14 Mofe Creek South licence. The company said that this new licence was “highly prospective” for direct shipping ore (DSO) mineralisation.
ASX- and JSE-listed iron-ore company Tawana Resources on Wednesday announced that Liberia had granted it approval to start exploration work on its recently acquired, 100%-owned MEL1223/14 Mofe Creek South licence. The company said that this new licence was “highly prospective” for direct shipping ore (DSO) mineralisation.
Monday 15 June 2015
Otmane El Rhazi : Kasbah raises cash and adapts strategy to lower tin price
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Tin developer Kasbah Resources would raise some A$3-million to advance its Achmmach mine, in Morocco, despite taking the decision not to hunt for project financing given the current low metal prices. The company reported on Tuesday that it had received firm commitments from major shareholders for some 104.6-million new shares in the company, priced at 2.9c each.
Tin developer Kasbah Resources would raise some A$3-million to advance its Achmmach mine, in Morocco, despite taking the decision not to hunt for project financing given the current low metal prices. The company reported on Tuesday that it had received firm commitments from major shareholders for some 104.6-million new shares in the company, priced at 2.9c each.
Otmane El Rhazi : Arrium cuts capex, sales volumes to combat low iron-ore prices
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed Arrium Mining and Materials on Monday announced a significant reduction in capital expenditure (capex), as well as the potential divestment of assets to combat the falling iron-ore prices. The company said that despite the redesign of its South Australian hematite operations, which included the mothballing of the Southern Iron mining operation, and subsequent work to decrease operating costs, it had to do more to make the operations viable.
ASX-listed Arrium Mining and Materials on Monday announced a significant reduction in capital expenditure (capex), as well as the potential divestment of assets to combat the falling iron-ore prices. The company said that despite the redesign of its South Australian hematite operations, which included the mothballing of the Southern Iron mining operation, and subsequent work to decrease operating costs, it had to do more to make the operations viable.
Otmane El Rhazi : India seeks bilateral talks with Afghanistan on stalled mining project
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The Indian government would initiate bilateral talks with the Afghanistan government to salvage a floundering $10-billion mining and steel project in that country. Discussions between the two External Affairs Ministries were expected to decide the fate of the Indian mining and steel mill investments conceived in 2011, which has made little headway to date.
The Indian government would initiate bilateral talks with the Afghanistan government to salvage a floundering $10-billion mining and steel project in that country. Discussions between the two External Affairs Ministries were expected to decide the fate of the Indian mining and steel mill investments conceived in 2011, which has made little headway to date.
Friday 12 June 2015
Otmane El Rhazi : Atlas Iron reappoints Flanagan as MD
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
David Flanagan has been re-appointed as MD of battered iron-ore miner Atlas Iron some three years after his appointment as chairperson. Flanagan was the founding MD of Atlas, and served in that position from 2004 to 2012, when Ken Brinden was appointed to the role. Flanagan returned in a full-time capacity to Atlas late in 2014, as part of ongoing business improvement initiatives.
David Flanagan has been re-appointed as MD of battered iron-ore miner Atlas Iron some three years after his appointment as chairperson. Flanagan was the founding MD of Atlas, and served in that position from 2004 to 2012, when Ken Brinden was appointed to the role. Flanagan returned in a full-time capacity to Atlas late in 2014, as part of ongoing business improvement initiatives.
Otmane El Rhazi : Roy Hill unveils community support programme
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The operator of the $10-billion Roy Hill iron-ore mine, in Western Australia, has launched the Roy Hill Community Foundation, which would focus on delivering education, training, employment, community development, business development and culture and arts programmes to local communities. Roy Hill project contractors and business partners are also supporting the A$10-million foundation.
The operator of the $10-billion Roy Hill iron-ore mine, in Western Australia, has launched the Roy Hill Community Foundation, which would focus on delivering education, training, employment, community development, business development and culture and arts programmes to local communities. Roy Hill project contractors and business partners are also supporting the A$10-million foundation.
Thursday 11 June 2015
Otmane El Rhazi : Mining production rises 7.7% y/y in April
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
South Africa’s mining production increased by 7.7% year-on-year in April, with the highest positive growth rate of 81.6% recorded in the platinum group metals (PGMs) sector, given that PGM production has increased significantly compared with April 2014, when the sector was adversely affected by several months of industrial action. Financial services company BNP Paribas Cadiz Securities economist Jeffrey Schultz said that, despite the increase in overall mining output, it would remain cautious over the outlook for the mining industry, given the ongoing uncertainty around commodity prices; electricity supply cuts, which were set to continue for the foreseeable future; the ten-day closure of Transnet’s iron-ore export line for maintenance, in May; and recent negative comments surrounding mine ownership criteria as stipulated in the Mining Charter.
South Africa’s mining production increased by 7.7% year-on-year in April, with the highest positive growth rate of 81.6% recorded in the platinum group metals (PGMs) sector, given that PGM production has increased significantly compared with April 2014, when the sector was adversely affected by several months of industrial action. Financial services company BNP Paribas Cadiz Securities economist Jeffrey Schultz said that, despite the increase in overall mining output, it would remain cautious over the outlook for the mining industry, given the ongoing uncertainty around commodity prices; electricity supply cuts, which were set to continue for the foreseeable future; the ten-day closure of Transnet’s iron-ore export line for maintenance, in May; and recent negative comments surrounding mine ownership criteria as stipulated in the Mining Charter.
Otmane El Rhazi : Atlas announces capital raising plan
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australian mining company Atlas Iron said on Thursday it is planning to raise capital via a placement of new shares at a heavily discounted price to key contractors, existing and new shareholders. After a near collapse due to a slump in iron ore prices, Atlas has recently resumed some mining operations and is now trying to raise cash to keep it afloat.
Australian mining company Atlas Iron said on Thursday it is planning to raise capital via a placement of new shares at a heavily discounted price to key contractors, existing and new shareholders. After a near collapse due to a slump in iron ore prices, Atlas has recently resumed some mining operations and is now trying to raise cash to keep it afloat.
Otmane El Rhazi : Junior miners should find strength in numbers – consultant
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Emerging miners should join associations, share information and facilities and jointly procure the services they needed to enable them to remain competitive and sustainable, a Chamber of Mines (CoM) consultant suggests. During a presentation at the University of the Witwatersrand School of Mining’ Centre for Sustainability in Mining and Industry, CoM techno-economics consultant Dick Kruger said the chamber engaged in a number of projects to assist junior miners, including an emerging miner mentorship programme that provided financial and marketing support.
Emerging miners should join associations, share information and facilities and jointly procure the services they needed to enable them to remain competitive and sustainable, a Chamber of Mines (CoM) consultant suggests. During a presentation at the University of the Witwatersrand School of Mining’ Centre for Sustainability in Mining and Industry, CoM techno-economics consultant Dick Kruger said the chamber engaged in a number of projects to assist junior miners, including an emerging miner mentorship programme that provided financial and marketing support.
Otmane El Rhazi : BC Iron set to pay off debts
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The share price of iron-ore miner BC Iron jumped by nearly 9% on Thursday after the company announced that it complete the repayment of a $130-million bank facility with the ANZ and Commonwealth Bank some 18 months ahead of schedule. The miner announced to shareholders that it would repay the remaining $30.8-million outstanding on the secured term loan by the end of June this year.
The share price of iron-ore miner BC Iron jumped by nearly 9% on Thursday after the company announced that it complete the repayment of a $130-million bank facility with the ANZ and Commonwealth Bank some 18 months ahead of schedule. The miner announced to shareholders that it would repay the remaining $30.8-million outstanding on the secured term loan by the end of June this year.
Wednesday 10 June 2015
Otmane El Rhazi : M&R Cementation bags R4.8bn Kalagadi Manganese mining contract
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Mining contractor Murray & Roberts Cementation has been awarded a R4.8-billion, five-year mining contract for the Kalagadi Manganese operation, in the Kalahari basin. The three farms on which the mineral explorer held new-order mining rights were believed to hold some 960-million tons of manganese ore. The project involved the construction of a manganese mine and a 2.4-million-ton-a-year high-grade sinter plant near Hotazel, in the Northern Cape.
Mining contractor Murray & Roberts Cementation has been awarded a R4.8-billion, five-year mining contract for the Kalagadi Manganese operation, in the Kalahari basin. The three farms on which the mineral explorer held new-order mining rights were believed to hold some 960-million tons of manganese ore. The project involved the construction of a manganese mine and a 2.4-million-ton-a-year high-grade sinter plant near Hotazel, in the Northern Cape.
Otmane El Rhazi : Zimbabwe lifts chrome export ban
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Zimbabwe on Tuesday lifted a four-year ban on chrome ore exports. The country also licensed 12 private companies and a state-owned firm to ship excess ore for smelting outside the country and lowered electricity tariffs for miners of the base metal from 8 cents to 6.7c per Kilowatt hour, two cabinet ministers confirmed.
Zimbabwe on Tuesday lifted a four-year ban on chrome ore exports. The country also licensed 12 private companies and a state-owned firm to ship excess ore for smelting outside the country and lowered electricity tariffs for miners of the base metal from 8 cents to 6.7c per Kilowatt hour, two cabinet ministers confirmed.
Tuesday 9 June 2015
Otmane El Rhazi : Creamer Media publishes Australasian Mining Roundup for June 2015 research report
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The June 2015 roundup, covering events in May, includes details of iron-ore miner Atlas Iron’s reported increase in the total mineral resource at its Corunna Downs project, between its Mt Webber and McPhee Creek projects, in the Pilbara; nickel miner Mincor’s revised mining plan at its operations in the Kambalda nickel district of Western Australia; and details of ASX-listed Mungana Goldmines’ rejection of an unsolicited takeover offer from Auctus Chillago
The June 2015 roundup, covering events in May, includes details of iron-ore miner Atlas Iron’s reported increase in the total mineral resource at its Corunna Downs project, between its Mt Webber and McPhee Creek projects, in the Pilbara; nickel miner Mincor’s revised mining plan at its operations in the Kambalda nickel district of Western Australia; and details of ASX-listed Mungana Goldmines’ rejection of an unsolicited takeover offer from Auctus Chillago
Otmane El Rhazi : South32 delays restarts of some S African ferromanganese furnaces
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Triple-listed South32 will delay the the restart of three of its four high-carbon ferromanganese (HCFeMn) furnaces at its Metalloys manganese alloy operation in South Africa, owing to a 20% decline in alloy prices. The company noted on Tuesday that no permanent employees would be retrenched as a result of the temporary suspension.
Triple-listed South32 will delay the the restart of three of its four high-carbon ferromanganese (HCFeMn) furnaces at its Metalloys manganese alloy operation in South Africa, owing to a 20% decline in alloy prices. The company noted on Tuesday that no permanent employees would be retrenched as a result of the temporary suspension.
Monday 8 June 2015
Otmane El Rhazi : Jobless mining engineering graduates plead for look in
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society of Mining Engineering Students independent presidential advisor Smangaliso Musawenkosi outlined the current difficulty of mining engineering graduates to find employment in mining.
Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society of Mining Engineering Students independent presidential advisor Smangaliso Musawenkosi outlined the current difficulty of mining engineering graduates to find employment in mining.
Otmane El Rhazi : Fortescue mum on asset sale speculation
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore major Fortescue Metals has refused to comment on speculation that the company was considering the sale of interests in some of its Pilbara assets to Chinese and Japanese firms. Newswire Bloomberg at the end of last week reported that Fortescue had held discussions regarding an interest sale with a number of potential Asian investors, including Chinese State-owned steel and iron-ore group Baosteel.
Iron-ore major Fortescue Metals has refused to comment on speculation that the company was considering the sale of interests in some of its Pilbara assets to Chinese and Japanese firms. Newswire Bloomberg at the end of last week reported that Fortescue had held discussions regarding an interest sale with a number of potential Asian investors, including Chinese State-owned steel and iron-ore group Baosteel.
Friday 5 June 2015
Otmane El Rhazi : South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the countercyclical times, when the industry is not doing well.
Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the countercyclical times, when the industry is not doing well.
Thursday 4 June 2015
Otmane El Rhazi : Company delists from London stock exchange
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
To enable it to access equity funding of about $12-million, Mozambique-focused exploration company Baobab Resources on May 20 delisted its shares from the Aim. In its six-month interim result report for the period ending December 2014, which was released in March 2015, Baobab said that it required additional equity of about $12-million to finance the completion of the bankable feasibility study for its Tete pig iron and ferrovanadium mining projects, repay its existing, and future indebtedness to funding institution Redbird and affiliated entities, and finance its near term working capital requirements.
To enable it to access equity funding of about $12-million, Mozambique-focused exploration company Baobab Resources on May 20 delisted its shares from the Aim. In its six-month interim result report for the period ending December 2014, which was released in March 2015, Baobab said that it required additional equity of about $12-million to finance the completion of the bankable feasibility study for its Tete pig iron and ferrovanadium mining projects, repay its existing, and future indebtedness to funding institution Redbird and affiliated entities, and finance its near term working capital requirements.
Otmane El Rhazi : Softening exchange rate breathing new life into Australian gold sector as prices edge up
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The prices for some of Australia’s largest export commodities have fallen dramatically in the last year, dumping the country’s iron-ore and coal sectors into unprecedented doldrums. On the west coast of Australia, the iron-ore sector has been subjected to in-fighting, with Australian-owned producers blaming majors for flooding the markets and toppling the once-high price for Pilbara iron. On the east coast, miners were cutting costs in an effort to combat the declining prices.
The prices for some of Australia’s largest export commodities have fallen dramatically in the last year, dumping the country’s iron-ore and coal sectors into unprecedented doldrums. On the west coast of Australia, the iron-ore sector has been subjected to in-fighting, with Australian-owned producers blaming majors for flooding the markets and toppling the once-high price for Pilbara iron. On the east coast, miners were cutting costs in an effort to combat the declining prices.
Otmane El Rhazi : Commodity prices weigh heavily on top 40 mining giants
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The tough fight faced by the global mining industry in 2014 would escalate into a brawl this year as mining companies worldwide struggled to emerge from depressed markets, PwC’s Africa Mining Centre of Excellence head Michal Kotze said on Thursday. Widespread government intervention, significant conflicts surrounding strategy debates and other internal industry conflicts, “huge” competition, weakening commodity prices with increasing short-term volatility and rising shareholder activism had left industry on the ropes.
The tough fight faced by the global mining industry in 2014 would escalate into a brawl this year as mining companies worldwide struggled to emerge from depressed markets, PwC’s Africa Mining Centre of Excellence head Michal Kotze said on Thursday. Widespread government intervention, significant conflicts surrounding strategy debates and other internal industry conflicts, “huge” competition, weakening commodity prices with increasing short-term volatility and rising shareholder activism had left industry on the ropes.
Otmane El Rhazi : Excalibur hopes for manganese luck in Zambia
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Junior explorer Excalibur Mining has its eye on a manganese deposit in Zambia. The ASX-listed junior reported on Thursday that the company would partner with Pinto Minerals to acquire a 75% shareholding in Maybach Mining Services, which holds the early stage production asset.
Junior explorer Excalibur Mining has its eye on a manganese deposit in Zambia. The ASX-listed junior reported on Thursday that the company would partner with Pinto Minerals to acquire a 75% shareholding in Maybach Mining Services, which holds the early stage production asset.
Wednesday 3 June 2015
Otmane El Rhazi : Iron-ore derivatives trade gathers pace as steel consumers pile in
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The derivatives market for iron-ore is reaching a tipping point in its strong growth as steel consumers pile in, with contracts traded outside China expected to reach around a billion tonnes this year. Iron-ore derivatives traded on the Singapore Exchange (SGX) have roughly doubled in volume each year since their launch in 2009, reaching around 550-million tonnes last year and forming an attractive revenue base for banks and brokers.
The derivatives market for iron-ore is reaching a tipping point in its strong growth as steel consumers pile in, with contracts traded outside China expected to reach around a billion tonnes this year. Iron-ore derivatives traded on the Singapore Exchange (SGX) have roughly doubled in volume each year since their launch in 2009, reaching around 550-million tonnes last year and forming an attractive revenue base for banks and brokers.
Otmane El Rhazi : Ferrum extends payment date for Moonlight stake sale
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Triple-listed Ferrum Crescent has granted a deadline extension for the first payment of R2-million, owed by Principle Monarchy Investments (PMI) as part of a bankable feasibility study financing agreement. The iron-ore developer said on Wednesday that the first payment was due on June 1, but that PMI had requested an extension to complete its internal restructuring.
Triple-listed Ferrum Crescent has granted a deadline extension for the first payment of R2-million, owed by Principle Monarchy Investments (PMI) as part of a bankable feasibility study financing agreement. The iron-ore developer said on Wednesday that the first payment was due on June 1, but that PMI had requested an extension to complete its internal restructuring.
Otmane El Rhazi : Transnet, labour unions sign three-year wage deal
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Freight logistics group Transnet on Tuesday night signed a three-year wage agreement with the South African Transport and Allied Workers’ Union (Satawu) and the United National Transport Union (UNTU). The agreement will see bargaining unit employees receive increases of 7%, 7.5% and 8.25% in the three years to 2018. The increases would be backdated to April 1. Further, nightshift and standby allowances would increase, as would housing and medical aid allowances. “Crucially, [the agreement] ...
Freight logistics group Transnet on Tuesday night signed a three-year wage agreement with the South African Transport and Allied Workers’ Union (Satawu) and the United National Transport Union (UNTU). The agreement will see bargaining unit employees receive increases of 7%, 7.5% and 8.25% in the three years to 2018. The increases would be backdated to April 1. Further, nightshift and standby allowances would increase, as would housing and medical aid allowances. “Crucially, [the agreement] ...
Otmane El Rhazi : Atlas Iron to resume mining at Mt Webber next month
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore miner Atlas Iron has struck a deal with contractor BGC Contracting that would allow mining to resume at the Mt Webber mine, in the Pilbara, in July. The Mt Webber operation was expected to ramp-up to a rate of six-million tonnes a year by the December quarter, and operate for about eight years, the company reported this week.
Iron-ore miner Atlas Iron has struck a deal with contractor BGC Contracting that would allow mining to resume at the Mt Webber mine, in the Pilbara, in July. The Mt Webber operation was expected to ramp-up to a rate of six-million tonnes a year by the December quarter, and operate for about eight years, the company reported this week.
Tuesday 2 June 2015
Otmane El Rhazi : Anglo American to start hedging iron-ore in second half
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Global mining company Anglo American said it will start using iron-ore derivatives to hedge its exposure from the second half of this year in a move that should help further boost volumes in the fast growing financial market. "In the second half of this year we will definitely implement that (iron-ore hedging)," David Trotter, global head of iron-ore sales for Anglo American told Reuters at the Metal Bulletin iron-ore symposium in Vienna.
Global mining company Anglo American said it will start using iron-ore derivatives to hedge its exposure from the second half of this year in a move that should help further boost volumes in the fast growing financial market. "In the second half of this year we will definitely implement that (iron-ore hedging)," David Trotter, global head of iron-ore sales for Anglo American told Reuters at the Metal Bulletin iron-ore symposium in Vienna.
Otmane El Rhazi : Anglo American sees surge in iron-ore sales to India
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Global miner Anglo American said its iron-ore sales to India have more than tripled over the past year as Asia's third-largest economy embarks on a once-in-a-generation urbanisation drive. "India is around 15% of our (iron-ore) sales portfolio, or about 6 million tonnes (a year)," David Trotter, Anglo American's global head of iron-ore sales, told Reuters at the Metal Bulletin iron-ore symposium in Vienna.
Global miner Anglo American said its iron-ore sales to India have more than tripled over the past year as Asia's third-largest economy embarks on a once-in-a-generation urbanisation drive. "India is around 15% of our (iron-ore) sales portfolio, or about 6 million tonnes (a year)," David Trotter, Anglo American's global head of iron-ore sales, told Reuters at the Metal Bulletin iron-ore symposium in Vienna.
Otmane El Rhazi : Call for jobless mining engineer graduates to spearhead research revolution
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
A call was made on Tuesday for the current surfeit of highly trained but jobless South African mining engineering university graduates to be directed towards spearheading a research revolution involving the creation of mining clusters that have agriculture on waste mine land and mineral recovery from slimes dams as their economic underpin. Veteran mining research commentator Dr RE (Robbie) Robinson, the one-time National Institute for Metallurgy, now Mintek, director and regular commentator in the Journal of the South African Institute of Mining and Metallurgy (SAIMM), makes the call in the attached Creamer Media’s Mining Weekly Online video interview.
A call was made on Tuesday for the current surfeit of highly trained but jobless South African mining engineering university graduates to be directed towards spearheading a research revolution involving the creation of mining clusters that have agriculture on waste mine land and mineral recovery from slimes dams as their economic underpin. Veteran mining research commentator Dr RE (Robbie) Robinson, the one-time National Institute for Metallurgy, now Mintek, director and regular commentator in the Journal of the South African Institute of Mining and Metallurgy (SAIMM), makes the call in the attached Creamer Media’s Mining Weekly Online video interview.
Monday 1 June 2015
Otmane El Rhazi : Mine closures, job losses on Brazil's iron-ore frontline
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
A giant truck carries chunks of sparkling mountainside to a web of yellow conveyor belts at a huge mine in eastern Brazil, a few more hundred tonnes of iron-ore that are good for its owner Anglo American but bad for a battered global market. Part of a new generation of massive mines contributing to a supply glut, the Minas-Rio mine has the scale and modern design to produce iron-ore, the main ingredient in steel, at well below the costs of more traditional projects.
A giant truck carries chunks of sparkling mountainside to a web of yellow conveyor belts at a huge mine in eastern Brazil, a few more hundred tonnes of iron-ore that are good for its owner Anglo American but bad for a battered global market. Part of a new generation of massive mines contributing to a supply glut, the Minas-Rio mine has the scale and modern design to produce iron-ore, the main ingredient in steel, at well below the costs of more traditional projects.
Otmane El Rhazi : Mining engineering graduates struggling to find jobs
Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
After decades of undersupply, mining engineering graduates are now struggling to find employment. Even more surprising, writes Professor Emeritus Huw Phillips in the latest edition of the Journal of the Southern African Institute of Mining and Metallurgy (SAIMM), is that some of the best graduates are being cut loose on graduation, despite having received mining industry bursaries throughout their undergraduate studies.
After decades of undersupply, mining engineering graduates are now struggling to find employment. Even more surprising, writes Professor Emeritus Huw Phillips in the latest edition of the Journal of the Southern African Institute of Mining and Metallurgy (SAIMM), is that some of the best graduates are being cut loose on graduation, despite having received mining industry bursaries throughout their undergraduate studies.
Subscribe to:
Posts (Atom)