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South32 set to hit ground running after 98% BHP 'yes' vote

By: Martin Creamer     Updated 5 hours ago The demerging South32 mining company, which is set to hit the ground running after receiving an overwhelming 98.05% yes vote from BHP Billiton shareholders on Wednesday, is at an advanced stage of planning a global shared service centre in South Africa, which will create 200 new quality jobs.... 

South32 set to hit ground running after 98% BHP 'yes' vote
Photo by Bloomberg
Andrew Mackenzie

Sasol nears tail end of R15.3bn mine replacement project in Secunda

By: Natalie Greve     Updated 6 hours ago A sweeping R15.3-billion project that will replace three of petrochemical group Sasol’s ageing coal mines across the Secunda coalfields of Mpumalanga continues to advance within budget and will, once fully completed in 2016, supply the group’s nearby Synfuels complex with 42-million tons of coal... 

Sasol nears tail end of R15.3bn mine replacement project in Secunda
Photo by Duane Daws
Sasol Mining senior VP Peter Steenkamp

S African blackouts, soaring Indian imports lift thermal coal prices

By: Reuters Power blackouts in South Africa and soaring Indian imports in anticipation of an El Nino climatic event have pushed thermal coal prices in the Indian and Pacific Ocean basin up since the beginning of May, raising their premium over European cargoes. Prompt cargoes from South Africa's Richards Bay... 

Acacia gets go-ahead for underground mining at North Mara

By: Creamer Media Reporter LSE-listed Acacia Mining has received the final approval from the Tanzanian Vice-President’s Office to start mining at the Gokona underground project, which formed part of the larger North Mara mine. Commercial production at the Gokona underground project was expected to start late in the second... 

Acacia gets go-ahead for underground mining at North Mara

Rio Tinto tipped to stick to no-output cut mantra on iron ore

By: Reuters Rio Tinto, the most profitable iron-ore producer, is in a strong position to keep its mines running at full tilt, even as rivals BHP Billiton and Brazil's Vale apply the brakes in a market suffering a supply glut. Despite a plunge in ore prices, Rio Tinto is not expected to face pressure from... 

Indian consortium struggles to find buyer for Benga coal

By: Esmarie Swanepoel Fears have been raised that mining consortium Indian Coal Ventures Limited’s (ICVL’s) strategic objective for its Mozambique coal investments was going awry, as production from the Benga mine have now been earmarked for domestic sales, rather than exports to India. According to an ICVL... 

Guinea Bissau reviews contracts from mining to timber – PM

By: Reuters Guinea Bissau is reviewing contracts signed by previous governments as the West African country seeks to ensure miners have sufficient means to kick-start its $2-billion economy, its prime minister told Reuters. Domingos Simoes Pereira, elected at polls a year ago that sealed a transition back to... 

PanAust blames Gram offer for low share price

By: Esmarie Swanepoel Takeover target PanAust on Wednesday blamed a takeover offer from shareholder Guangdong Rising Asset Management (Gram) for the company’s shares remaining fairly stagnant since early April. In a communication to shareholders, PanAust pointed out that the share price of other listed copper miners... 

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