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Zaldivar copper mine workers extend wage talks with company
Published: 21 Jul 17
The union at Antofagasta's Zaldivar copper mine, in Chile, said on Thursday that workers and the company had failed to reach a wage deal and that they had agreed to extend government-mediated talks into next week. Last week, the union voted to strike, prompting the mediated talks and a new contract offer.
Oil, chemical weakness force IHS materials price index lower
Published: 21 Jul 17
The materials price index (MPI) from Global Insight by IHS Markit fell 0.7% last week, driven by weakness in the oil and chemicals sectors, the firm announced on Thursday. It was the MPI’s first decline since the middle of June, as weakness in oil, down 1.5%, and chemicals, down 3.9%, pulled the overall MPI lower. Lumber and pulp prices were rare bright spots for sellers, up 7.1% and 2.1%, respectively, IHS data showed.
Brazil's Vale eyes 2017 iron-ore output at low end of forecast
Published: 21 Jul 17
Brazil's Vale, the world's largest iron-ore producer, said on Thursday that iron-ore output would close the year near the bottom of its forecast of 360 million to 380 million tonnes, despite record second-quarter production. Vale, said iron-ore production reached 91.85-million tonnes in the April to June period, a record for a second quarter, up 5.8% from 86.823 million tonnes in the same period last year. Pellet production rose 21.5% to 12.2-million tonnes last quarter from a year earlier.
Northern superior returns exploration focus to TPK
Published: 21 Jul 17
Exploration junior Northern Superior Resources has initiated engagement protocols under its early exploration benefits agreement with the Neskantaga First Nation in parallel with its plans to restart exploration activities on its 100%-owned Ti-pi-haa-kaa-ning (TPK) project, in north-western Ontario. Northern Superior plans to initiate a new exploration programme on the TPK property during the current quarter, focusing an exploration programme over the north-west portion of the property.
Sarama a step closer to receiving title to key Burkina Faso-based Bondi project
Published: 21 Jul 17
TSX-V-listed Sarama Resources on Thursday announced that the Burkina Faso Ministry of Mines and Quarries has issued an invoice, and Sarama has paid, for the transfer of the Djarkadougou exploration permit, which is host to the Bondi deposit. A critical part of Sarama’s growth strategy in the prospective Houndé gold belt, billed as the “most prospective gold belt” in the West African country, and has a historical resource estimate of some 300 000 oz of gold in the measured and indicated categories, and 100 000 oz of gold in the inferred.
World copper market shows 80 000 t surplus in first four months of 2017
Published: 21 Jul 17
The world refined copper balance for the first four months of 2017 indicates a surplus of about 80 000 t, the International Copper Study Group (ICSG) reported on Thursday. It ascribed the surplus mainly to a decline in Chinese apparent demand, a market that currently accounts for about 48% of the world copper refined usage.
Fast-growing Chinese aluminium sector garners increased govt scrutiny Fast-growing Chinese aluminium sector garners increased govt scrutiny
Published: 21 Jul 17
As the Chinese aluminium sector comes under greater pressure to moderate its capacity growth, the government is cracking down on so-called ‘illegal’ smelters, analysis by Wood Mackenzie global aluminium markets senior research analyst Ami Shivkar has found. Shivkar argues that unqualified smelters in Shandong province are likely to be targeted next. Such a move will have knock-on effects, she says, including a tighter market balance and a probable uptick in prices.
Hydropower – what the  industry needs now Hydropower – what the industry needs now
Published: 21 Jul 17
The contraction in the South African mining industry has resulted in many projects and expansions stalling in recent years, with mines having closed or scaled back on capital and operational expenditure.
Valves range to cater for smaller flow applications Valves range to cater for smaller flow applications
Published: 21 Jul 17
Hydraulic solutions supplier Turnkey Hydraulics will in the fourth quarter launch German control technologies manufacturer Bucher’s Hydraulic Design Series-24 (HDS-24) flow-sharing directional valves.
Aveng Mining gets health and safety thumbs up
Published: 21 Jul 17
Turnkey mining solutions provider Aveng Mining was awarded a safety, health, environment and quality (SHEQ) integrated management system (IMS) certification in May this year from multinational inspection, verification, testing and certification company SGS. Aveng Mining initiated the development of the system in July 2015 and reached full development by the end of 2016. In August 2016, Aveng Mining implemented a gap audit to test the system on selected sites in preparation for certification. The fully fledged implementation of the system across the Aveng Mining business is due to take place in early 2018.
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