Category Archives: Mineral Processing

Tenova Pyromet to supply copper cooling technology to Xstrata Technology

JOHANNESBURG (miningweekly.com) – Electric furnaces and associated plant equipment supplier Tenova Pyromet, part of the international Tenova Mining & Minerals Group, has been awarded a contract to supply its copper cooling technology to Xstrata Technology, the company said on Monday.

This contract award followed the successful installation of plate coolers in two platinum group metals furnaces in South Africa.

Read more at: http://miningweekly.com/article/tenova-pyromet-to-supply-copper-cooling-technology-to-xstrata-technology-2014-03-24

Nickel benefits from Indonesia export ban

Nickel benefits from Indonesia export ban

By Neil Hume in London

Nickel has risen to its highest level in nine months on signs that Indonesian export ban on unprocessed mineral ore is starting to bite and affect Chinese stockpiles.

Nickel, which is used to make stainless steel, is the best performing base metal on the London Metal Exchange this year. It has advanced by more than 8 per cent, outpacing zinc (up 2.1 per cent), copper (down 4.5 per cent) and aluminium (off 1.9 per cent), helped by the new export rules in Indonesia, the world’s biggest supplier of nickel ore.

Read more at: http://www.ft.com/intl/cms/s/0/3166ebfa-a493-11e3-9313-00144feab7de.html?siteedition=intl#axzz2vAQ0fMFJ

Commodities trader Glencore Xstrata says demand for commodities up, but takes big charges

LONDON – Commodities trader and producer Glencore Xstrata says global demand for its raw materials is expected to grow, but that its earnings have been hit by big one-time charges.

The expenses, many associated with Glencore’s takeover of Xstrata, pushed the company to a net loss of $7.4 billion last year, compared with a profit of $1 billion the previous year. Not counting those expenses, profits rose 20 per cent to $3.67 billion.

Chief Executive Ivan Glasenberg says the company sees healthy demand growth in key commodities, “underpinned by the long term trend of urbanization in emerging markets and parts of the developed world returning to trend growth.”

Source: http://www.canadianbusiness.com/business-news/commodities-trader-glencore-xstrata-says-demand-for-commodities-up-but-takes-big-charges/

Raw ore ban rocks Indonesia – legal battles continue

After two years of discussion and deliberation, Indonesia’s controversial ban on raw ore exports finally came into effect in January – although in a slightly watered-down form. A long-standing fear in the ore industry was that the ban would immediately apply to any minerals that fall short of 100% purity. At the 11th hour, however, Indonesian President Susilo Bambang Yudhoyono agreed to a “compromise” allowing certain concentrates to continue to be exported until 2017. The analysis from Norton Rose Fulbright is as follows.

Not satisfied, Indonesia’s Mineral Entrepreneurs Association immediately filed a challenge to the Constitutional Court. And some of Indonesia’s bigger ore miners, who have concession rights under contracts with the government, are now threatening to launch arbitration proceedings for breach of contract. They say the government is intervening in their ability to export raw ore, which is a basic contractual right.

Read more: http://www.im-mining.com/2014/03/04/raw-ore-ban-rocks-indonesia-legal-battles-continue/

China’s Baosteel, Minmetals turn to Kyrgyzstan for coal – sources

SYDNEY, March 4 (Reuters) – China’s Baoshan Iron & Steel (Baosteel) and Minmetals Development are near deals to buy at least half a million tonnes of coal a year from an Australian firm operating in Kyrgyzstan, sources said.

The bid by the industrial conglomerates to get coal from China’s western neighbor comes amid efforts to curb the burning of the resource in and around the capital Beijing, where air quality has left the city shrouded in a noxious haze at times.

Read more: http://uk.reuters.com/article/2014/03/04/australia-coal-kyrgyzstan-idUKL3N0M114920140304

Norilsk Nickel Seen Best-Placed as Ukraine Crisis Unfolds

OAO GMK Norilsk Nickel, Russia’s largest mining company, may be the least affected among its peers by the Ukraine crisis because of its dominant position in global nickel and palladium supplies and financial strength.

Norilsk’s position is fortified by its 17 percent share of worldwide nickel output and 41 percent of palladium, Dmitry Kolomytsyn, a Moscow-based analyst at Morgan Stanley, said by phone. The metals are priced in dollars, which reached a record high against the ruble today.

Read more at: http://www.bloomberg.com/news/2014-03-03/norilsk-nickel-seen-best-placed-as-ukraine-crisis-unfolds.html

Indonesia trade in deficit on mineral export ban

Indonesia swung to a trade deficit in January as a controversial government ban on mineral ore shipments by Southeast Asia’s biggest economy crimped overall exports, data showed Monday.

The January deficit of $431 million compared to a $1.5 billion surplus in December, the official Statistics Agency said.

“The 5.75 percent drop in exports is due to the annual pattern and the coming into effect of the mineral law,” said Adi Lumaksono, a senior official at the agency.

Read more at; http://www.globalpost.com/dispatch/news/afp/140303/indonesia-trade-deficit-mineral-export-ban

Nickel market bets the bank on Indonesian ore ban

Feb 28 (Reuters) – Indonesia’s January ban on the export of nickel ore is, according to French nickel producer Eramet, “good news and will eventually support nickel prices”.

Eramet Chairman and Chief Executive Patrick Buffet’s view, expressed in the company’s annual results release, that the ban “is a positive step towards restoring market balance” pretty much sums up the consensus view of the market.

After all, the January halt to flows of nickel ore to China’s giant nickel pig iron (NPI) sector puts at risk an estimated 482,000 tonnes, or around 25 percent of global supply, according to estimates by analysts at Macquarie Bank. (“Indonesian Ore Ban – a Q&A”, Jan. 14, 2014)

Read more at: http://www.reuters.com/article/2014/02/28/column-home-nickel-idUSL6N0LX2II20140228

World’s largest wealth fund to review mining investments in 2014

OSLO (Reuters) – Norway’s $840 billion (502 billion pounds) oil fund, the world’s largest sovereign wealth fund, will this year review the sustainability of its investments in the mining sector after selling out of 27 gold and coal miners in 2013, its chief told Reuters on Friday.

The fund is a major shareholder in some of the world’s largest mining companies, including BHP Billiton, Anglo American and Glencore Xstrata.

Read more at: http://www.euronews.com/business-newswires/2376202-worlds-largest-wealth-fund-to-review-mining-investments-in-2014/

Zim mining conference addresses mineral processing issues

Zimbabwe mining companies, the government and industry experts are thrashing out their differences over local mineral processing at a two-day conference in Harare.

Zimbabwe is the world’s third largest platinum producer, and the fourth largest diamond producer.

But it’s losing millions of dollars every year when minerals leave its borders for processing in Europe and South Africa.

Read more at:  http://www.sabc.co.za/news/a/5e26e4004314394f9c599c45a23ba143/Zim-mining-conference-addresses-mineral-processing-issues

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