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Push to flood iron-ore market crushes smaller suppliers

A faster-than-expected increase in iron-ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers of the steel-making raw material to the edge. From Europe to Australia to the...
29th July 2014

Avanco inks royalty agreement at Antas, Brazil

Copper developer Avanco Resources has executed a $12-million non-dilutive production royalty investment with BlackRock World Mining Trust, over the Antas mine in Brazil. Avanco told shareholders on Monday that a due diligence had been completed,...
28th July 2014

Orinoco teams up with Cleveland to speed up Brazil gold project

ASX-listed miner Orinoco Gold and Cleveland Mining have teamed up to fast-track the development of Orinoco’s Cascavel gold project, in Brazil. Under the terms of the agreement, Cleveland would assist Orinoco in mining, extracting, processing...
28th July 2014

Anglo delivers ‘pleasing’ results despite headwinds

Mark Cutifani Despite the headwinds faced by diversified miner Anglo American during the first half of the year, the group had delivered a “pleasing” performance at all its operations barring platinum. Anglo American CEO Mark Cutifani on Friday said the...
25th July 2014

Brazil miner Vale posts record Q2 iron-ore production

Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6% from a year earlier, as it ramped up production to win back market share from Australian rivals. Vale's preferred shares,...
25th July 2014

Brazil-based potash project in development phase

POSITIVE RESULTS Verde Potash published a positive update in March on Cerrado Verde’s measured and indicated resource Brazil-based fertiliser development company Verde Potash is focusing on securing an environmental licence for its Cerrado Verde potash project, which is currently in the development stage, in Brazil’s Minas Gerais province. Verde Potash CEO...
25th July 2014
Ferrous Metals

Metals mine to implement planning solutions system Video Available

Ukwazi will assist Kolomela mine in implementing the Open Pit Metals Solution software 
Mine planning and engineering consultancy Ukwazi Group is working with mining major Anglo American Kumba Iron Ore (Kumba) to implement the new Open Pit Metals Solution (OPMS) software system at Kumba’s Kolomela mine, in Postmasburg, in the...
25th July 2014
Base Metals

South American mining to reach 6.2% growth by 2017

Brazil's mining industry contributes almost 40% of South America's total region revenue The South American mining industry will reach an estimated compound yearly growth rate of about 6.2% from 2012 to 2017, which will take the industry to a total value of $184.3-billion. Some of the world’s largest copper, bauxite, iron and nickel...
25th July 2014
Base Metals

US miner receives $500 000 investment

SHINE ON BMIX is selling a portion of its production as polished diamonds, at much higher margins than rough diamonds California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds...
25th July 2014

Brazil's Usiminas posts profit short of expectations

Brazilian steelmaker Usiminas on Thursday reported a lower-than-expected quarterly profit as iron-ore prices fell and flat steel demand faltered. Usinas Siderúrgicas de Minas Gerais, as the company is formally known, posted second-quarter net...
24th July 2014

Gold production drops for Beadell in June quarter

Gold junior Beadell Resources has reported a drop in gold production during the June quarter, compared with the previous quarter, as rainfall affected the company’s Tucano operations, in Brazil. During the three months to June, gold production...
24th July 2014

Kumba’s cash return to black shareholding now at astounding R23bn Video Available

The cash return of Anglo American’s Kumba Iron Ore to its black shareholding since Kumba’s listing on the Johannesburg Stock Exchange in 2006 has risen to R23.5-billion, Kumba CFO Frikkie Kotzee revealed this week. Kumba subsidiary Sishen...
23rd July 2014
Topic Multimedia
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