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MC Mining appoints new board members
Published: 24 Apr 18
Coal developer MC Mining has appointed CFO Brenda Berlin as an executive director to its board and also announced two nonexecutive director appointments. Berlin was named CFO in November last year and joined MC from Impala Platinum, where she held a number of senior appointments, including head of group corporate finance activities.
Anglo reports 4% increase in Q1 production Anglo reports 4% increase in Q1 production
Published: 24 Apr 18
Diversified miner Anglo American on Tuesday reported a 4% year-on-year increase in total production on a copper equivalent basis in the first quarter ended March. The company had a “solid start to 2018”, despite the suspension of operations at the Minas-Rio mine, in Brazil, CEO Mark Cutifani said.
Moody's changes outlook on Glencore's ratings to positive from stable
Published: 24 Apr 18
Moody's Investors Service has assigned Glencore a ‘Baa2’ long-term issuer rating with a positive outlook. Moody’s says Glencore's improved credit profile was driven by higher commodity prices and consistently low production costs. 
DMR’s appeal of High Court ruling to further delay Mining Charter 3
Published: 24 Apr 18
Mineral Resources Minister Gwede Mantashe’s application for leave to appeal the Pretoria High Court’s decision on the ‘once empowered, always empowered’ principle under the Mining Charter is regrettable, says Herbert Smith Freehills co-chairperson and partner Peter Leon. He added that the Minister’s actions were particularly disappointing after he had originally indicated that the judgment would not be appealed.
Rusal sanctions seen risk to Kazakh coal venture – Samruk Energy
Published: 24 Apr 18
The Bogatyr Komir coal mining joint venture between Kazakhstan's state-run Samruk Energy and Rusal could face risks linked to US sanctions against the Russian aluminium producer, Samruk said on Tuesday. Bogatyr Komir produces 41-million tonnes of coal a year, which it sells in Kazakhstan and Russia, mostly to power plants.
China's shrinking steel stockpiles seen giving iron-ore a boost
Published: 24 Apr 18
Falling steel inventories in China point to an improving outlook for iron-ore through the rest of this half, according to one of the world’s top exporters of the raw material. While demand for iron ore has been slower to rebound after Lunar New Year celebrations than in recent years, steel stockpiles are now being drawn down at a faster-than-usual pace, Fortescue Metals Group CEO Elizabeth Gaines said in an interview.
De Beers reports rise in Q1 output
Published: 24 Apr 18
Diamond group De Beers reported on Tuesday that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at the Orapa operation in Botswana. In Canada, Gahcho Kué, which had achieved its “nameplate capacity” in 2Q17, saw a 69% increase in production during the first three months of this year. This resulted in an output of 1.1-million carats. (De Beers holds 51% of the Gahcho Kué project, the other 49% belonging to Mountain Province Diamonds.) Botswana, where the group operates through its subsidiary Debswana – a 50:50 joint venture (JV) with the Botswana Government – saw production rise 12% to 5.8-million carats. Output at the Orapa operation jumped 26% to 2.8-million carats. This was the result of an increase in the amount of ore treated, which, in turn, was the result of, in the Group’s words, “sustained healthy trading conditions”. (Debswana is the world’s number one diamond producer in terms of value and the world’s number two in terms of volume.)
Kumba on track to meet FY guidance after stable Q1 performance
Published: 24 Apr 18
Kumba Iron Ore says it is on track to meet its full-year production guidance of 30-million to 31-million tonnes of iron-ore, on the back of a stable performance in the quarter ended March 31. Kumba’s production increased by 4% year-on-year to 10.86-million tonnes, driven by a 26% year-on-year increase in production at Kolomela to 3.5-million tonnes as a result of increased plant throughput. 
Polymetal announces two transactions
Published: 24 Apr 18
LSE-listed gold miner Polymetal on Tuesday announced two transactions which, when completed, would increase its ownership in the Nezhda and the Prognoz gold properties to 100%. Polymetal has exercised its call option to acquire the remaining 75.3% in the Nezhda property located in north-east Yakutia, from Ivan Kulakov’s investment vehicle for $144-million in shares.
Amplats lifts Q1 PGMs output 8% y/y
Published: 24 Apr 18
Anglo American Platinum (Amplats) achieved an 8% year-on-year increase in platinum group metals (PGM) production to 1.2-million ounces for the quarter ended March 31, owing to improved operational performances across its portfolio.  Palladium production was up 9% year-on-year, at 407 400 oz, and platinum output up 7% year-on-year, at 613 800 oz, on the back of “exceptional performances” from Amplats’ own operations, including Mogalakwena, Amandelbult and Unki.
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