R/€ = 14.94 Change: -0.05
R/$ = 12.19 Change: -0.01
Au 1334.59 $/oz Change: 6.47
Pt 1013.00 $/oz Change: 14.93

Schalk Burger

Schalk Burger

Schalk Burger is Creamer Media Senior Contributing Editor for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury

15th December 2017 The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

Gold-backed ETFs increased by 9.1 t in November

6th December 2017 Gold-backed exchange-traded funds (ETFs) grew by 9.1 t during November, World Gold Council (WGC) data showed on Wednesday. With global gold-backed ETFs collectively holding 2 357 t, funds added 198 t of gold, equivalent to $8.5-billion, so far this year, which represents an increase of 8.3% in... 

Tshipi Borwa manganese mine boosts Jupiter to R336-million interim profit

6th December 2017 South Africa’s Tshipi Borwa manganese mine provided ASX-listed Jupiter Mines with an interim profit of R336-million, while its Australian Mount Ida magnetite and Mount Mason direct shipping ore hematite projects remain under care and maintenance. “During the half-year period, the focus was on the... 

Technologies for mining asteroids can be adapted for mining on earth, says SAP

10th November 2017 The dynamics of mining on earth are changing as the economics of the industry change. Mechanisation, digitalisation and environment-friendly trends are dramatically affecting the fundamentals of mining worldwide, says enterprise resource planning multinational SAP MineRP marketing VP Empie... 

Venezuelan bullion sales to dampen gold prices – CPM

27th October 2017 The prospect of the Venezuelan central bank disposing of more of its bullion holdings in the years to come will likely have a dampening effect on gold prices, commodities research and consulting firm CPM Group managing partner Jeffrey Christian says. The Venezuelan central bank allowed a... 

Weak Asian demand may halt bullion bull-run – survey

26th October 2017 Weak Asian demand and record equity prices could result in a pause in the gold bull-run, Thomson Reuters GFMS’s Gold Survey for the third quarter of the year states. In September, gold prices rose to their highest level for 13 months owing to an escalation in rhetoric and actions on the Korean... 

Investor appetite for mining projects can be whetted by accurate project scopes – DRA

10th October 2017 To attract investment, it has become necessary for organisations to complete projects under budget and well ahead of schedule, diversified engineering multinational DRA Global CEO Wray Carvelas says. While investment appetite seems to be returning to the mining sector as investors look to unlock... 

Edenville expects washed coal production at Rukwa within a week

4th October 2017 Production of washed coal from the Rukwa coal project, in south-west Tanzania, is expected to start later this week, Aim-listed thermal coal company Edenville Energy announced on Wednesday. The company plans to produce 5 000 t of washed coal in October, and aims to ramp this up to at least 10 000... 

Shift in mining finance sources for mid-caps, juniors expected – BMI

15th September 2017 Market research multinational BMI Research reported on Thursday that there would be a shift in the status quo of mining finance sources, as mineral prices stabilise and edge higher over the coming years. “Majors will continue to rely on equity and debt financing. Mid-cap and small-cap companies,... 

Bamin inks MoU to develop Brazil-based iron-ore project

4th September 2017 Diversified resources producer Eurasian Resources Group’s (ERG’s) wholly owned Brazilian subsidiary, Bahia Mineração (Bamin), has signed a memorandum of understanding (MoU) with the Brazil state of Bahia and a consortium of Chinese companies to develop a $2.4-billion integrated mining and... 

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