The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
The strong iron-ore price rally over the last several months is not expected to last and will gradually run out of steam over the next several years as Chinese economic growth refocuses away from heavy industry to services, dampening global demand for the steel-making ingredient, Fitch Group-affiliated BMI Research said in a report.
Iron-ore prices are trading within a higher-than-expected trading range in the opening months of 2018 following a strong rally in November and December 2017, driven by rising steel prices.
Platinum group metals (PGM) mining company Northam, which is in a strong organic and acquisitive growth phase, will be generating 6 500 new mining jobs in the next four to five years, which dovetails with President Cyril Ramaphosa's 'sunrise' aspirations expressed in his well-received State of the Nation Address. A current employer of 12 000 people, including contractors, Northam is in the midst of spending R5.5-billion capital on strategically timed, on-track growth projects, which are combining with acquisitive growth to reposition the company as a million-ounce supplier of PGMs, used to clean the air of all the world's major cities and adorn as a precious jewellery metal of choice. (Also watch attached Creamer Media video).
Mineral processing company BMR Group has made the final payment due to Zambia-based Bushbuck Resources, in order to complete the acquisition of prospecting licence 19653, better known as the Star Zinc project. As a result, Bushbuck no longer has any charge over either the removable assets of BMR's wholly-owned subsidiary Enviro Processing, which owns all of the assets at BMR's principal operations in Kabwe, bar the property, or $570 000 of new ordinary...