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Week at a Glance

Vale restarts coal shipments from Mozambique
May 17, 2013
<em>Vale coal operations<br /> at Moatize in Mozambique</em>
Vale coal operations
at Moatize in Mozambique

Brazilian multinational diversified metals and mining corporation Vale SA ‒ the world’s biggest iron-ore producer and second-largest mining company ‒ says it has recommenced the transport of coal from its Moatize mine in the north-western province of Tete in Mozambique.

 

 


Amplats workers will strike if job-cuts happen
May 17, 2013
<em>Anglo American <br />Platinum’s Marikana<br /> mine</em>
Anglo American
Platinum’s Marikana
mine

Some miners at Anglo American Platinum Ltd. (AMS) plan to strike should the world’s biggest producer of the metal not drop by tomorrow a proposal to cut as many as 6,000 jobs. The shares fell to the lowest since August 2005.

 

 


Rockwell heads for the half-million
May 17, 2013
<em>A 41.31-carat<br /> light yellow stone <br />recovered at <br />Wouterspan</em>
A 41.31-carat
light yellow stone
recovered at
Wouterspan

TSX and JSE-listed Rockwell Diamonds Incorporated ‒ focused on creating a growth-oriented, mid-tier diamond mining and development company ‒ says its Wouterspan mine in South Africa has indicated positive economics ‒ sufficient to take the project to the detailed design stage.

 

 


Amplats miners halt strike for now
May 17, 2013

Plans for a strike over retrenchments at Anglo American Platinum (Amplats) have been suspended, according to the workers' committee, and miners reported for duty this morning despite earlier calls for a strike by some union leaders.

 

 


Liberian iron ore project to be developed
May 16, 2013

ASX-listed and Australian-based Tawana Resources ‒ which has reinvented itself from a Southern African diamond explorer into a Liberian-focused iron ore and gold explorer ‒ is undertaking a strategic review of potential financing and partnership options to advance development of its Mofe Creek iron ore project in Liberia.

 

 


Confusion over Lonmin strike
May 16, 2013
<em>South African<br /> environment minister<br /> Edna Molewa</em>
South African
environment minister
Edna Molewa

Confusion reigns over Lonmin plc’s mining operations at Marikana, 120km north-west of Johannesburg in South Africa, with Lonmin saying this morning that 83% of employees have returned to work, and an AMCU official saying three hours later that Anglo Platinum miners would stop work from this evening over proposed job cuts.

 

 


Lonmin miners persuaded to return to work
May 16, 2013
<em>Association of<br /> Mineworkers and <br />Construction Union <br />President Joseph<br /> Mathunjwa</em>
Association of
Mineworkers and
Construction Union
President Joseph
Mathunjwa

Striking workers at the Lonmin platinum mine in Marikana, in the north-west province of South Africa, have resolved to return to work immediately, ending a two-day strike at the mine.

 

 


African Eagle cuts back
May 16, 2013
<em>Drilling at African<br /> Eagle’s Dutwa nickel<br /> laterite project in <br />Tanzania</em>
Drilling at African
Eagle’s Dutwa nickel
laterite project in
Tanzania

AIM and JSE-listed nickel exploration and development company African Eagle Resources plc ‒ struggling to raise funding for further development of its assets, mainly in Tanzania ‒ has announced that it is cutting back on expenditure prior to restructuring and re-organisation of its exploration activities.

 

 


Lonmin workers strike for second day
May 15, 2013
<em>Lonmin’s Marikana<br /> platinum mine<br /> ‒ the centre of <br />renewed labour unrest. </em>
Lonmin’s Marikana
platinum mine
‒ the centre of
renewed labour unrest.

Workers at Lonmin plc ‒ the world’s third-largest platinum producer ‒ have continued their wildcat strike for a second day, raising concerns that the bitter turf war between rival unions could escalate into anarchy and violence.

 

 

FQM’s Sentinel mine makes good progress
May 15, 2013
<em>Construction is on <br />track at the Sentinel<br /> platinum mine in<br /> Zambia.</em>
Construction is on
track at the Sentinel
platinum mine in
Zambia.

Canadian-based international mining and minerals company First Quantum Minerals Limited is well on track towards completion of its US$2.4 billion Sentinel copper mine at Kalumbila, in the north-western Province of Zambia.

 

 

AngloGold chooses machines over people
May 14, 2013
<em>Underground mining ‒ <br />now AngloGold plans <br />to mine 4km below <br />surface.</em>
Underground mining ‒
now AngloGold plans
to mine 4km below
surface.

In another blow to the South African mining industry, AngloGold Ashanti ‒ the world's third-largest bullion producer ‒ is set to also shed jobs as it prepares to roll out its mechanisation programme.

 

 


Glencore Xstrata copper output gains 18%
May 14, 2013
<em>Glencore/Xstrata copper <br />mining operations in <br />the DRC.</em>
Glencore/Xstrata copper
mining operations in
the DRC.

Glencore Xstrata plc, the biggest exporter of coal for power stations, says its first-quarter copper production has risen 18% as a result of gains at its mines in Africa.

 

 

Lonmin raises its 2013 guidance
May 13, 2013
<em>Lonmin acting CEO<br /> Simon Scott</em>
Lonmin acting CEO
Simon Scott

Lonmin plc ‒ the third-largest platinum producer ‒ has raised its full-year forecast for output after a return to profit in the first half in the wake of an increase in sales.

 

 


Six-fold leap in AngloGold earnings
May 13, 2013
<em>AngloGold Ashanti’s<br /> new CEO Srinivasan <br />Venkatakrishnan</em>
AngloGold Ashanti’s
new CEO Srinivasan
Venkatakrishnan

AngloGold Ashanti ‒ the world's third-largest bullion producer ‒ reported a near six-fold jump in first-quarter earnings as the company’s operations recovered from a wave of illegal strikes late last year.

 

 


Zimbabwe mining companies converge
May 13, 2013
<em>Zimbabwean finance <br />minister Tendai Biti</em>
Zimbabwean finance
minister Tendai Biti

The Chamber of Mines of Zimbabwe (CMZ) holds its annual general meeting this week as the country’s focus shifts to the capital intensive sector ahead of the forthcoming general elections.

 

 


Amplats slashes job cut plans ‒ AMCU and NUM will still oppose the cuts
May 13, 2013
<em>The Mogalakwena mine<br /> is the most productive<br /> operation in the Anglo <br />American Platinum <br />stable</em>
The Mogalakwena mine
is the most productive
operation in the Anglo
American Platinum
stable

Anglo American Platinum Limited (Amplats) ‒ the world’s biggest producer of the precious metal ‒ has sought to appease government anger by scaling back planned job losses at its South African mines to about 6,000, less than half of the 14,000 originally planned.

 

 





 
DRC Oil & Gas Summit 2013
17 - 18 September 2013,
Kinshasa, DRC
iPAD DRC 2013
9 - 11 October 2013,
Kinshasa, DRC
Katanga Briefing 2013
15 - 17 October 2013,
Lubumbashi, DRC




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