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Slide in Chinese coal imports to continue in 2015 – Wood Mackenzie

By: Simon Rees     Updated 19 minutes ago Oversupply continues to weigh on the performance of thermal and metallurgical coal exports into China, Wood Mackenzie senior analyst Jonathan Sultoon told an audience at the Prospectors & Developers Association of Canada’s 2015 conference. The causes of oversupply stem from an earlier market... 

Slide in Chinese coal imports to continue in 2015 – Wood Mackenzie

Despite ‘complete crisis’ in gold industry, Randgold remains buoyant at low prices

By: Henry Lazenby     Updated 27 minutes ago With a ten-year plan in hand that would ensure Africa-focused gold producer Randgold Resources would remain profitable at a gold price of $1 000/oz, CEO Mark Bristow on Wednesday morning fingered its peers for having done a horrible job in recent years. Speaking during a breakfast presentation on... 

Despite ‘complete crisis’ in gold industry, Randgold remains buoyant at low prices
Photo by Duane Daws
Randgold Resources CEO Mark Bristow.

BME launches narrow-reef emulsion site at Amplats’ Tumela mine

By: Ilan Solomons Explosives company BME officially opened its first narrow-reef emulsion site and training centre at platinum miner Anglo American Platinum’s (Amplats’) Tumela underground mine in Thabazimbi, Limpopo on Wednesday. Tumela mine production manager Pierre Prinsloo said the bulk emulsions system was... 

TFR confident of settling take-or-pay deals with 36 coal exporters despite Glencore’s reservations

By: Terence Creamer South Africa’s State-owned railways utility Transnet Freight Rail (TFR) says it remains confident of concluding take-or-pay contracts with 36 coal-line customers before the end of its financial year, which concludes on March 31. Spokesperson Sandile Simelane tells Engineering News Online that TFR... 

 TFR confident of settling take-or-pay deals with 36 coal exporters despite Glencore’s reservations

Glencore commits to migrating first world safety to third world countries

By: Martin Creamer Diversified major Glencore, which reported 16 fatalities last year, has committed itself to migrating first-world safety practices into challenging geographies where more than 80% of the deaths took place. The London-, Hong Kong- and Johannesburg-listed company’s SafeWork programme – in which 118... 

Glencore commits to migrating first world safety to third world countries
Photo by Duane Daws
Ivan Glasenberg

Big Four squeeze gathers pace as more iron-ore flows into saturated market – CRU

By: Simon Rees Iron-ore prices will remain in the doldrums for 2015 as senior producers continue to bring new, low-cost output into the market, CRU group director of multi-commodity, knowledge and information Paul Robinson told an audience at the Prospectors & Developers Association of Canada. Stemming from... 

Big Four squeeze gathers pace as more iron-ore flows into saturated market – CRU

Guinea bets on mining for post-Ebola economic recovery

By: Reuters Guinea's economy is likely to take a $2-billion hit from a regional Ebola outbreak that has killed nearly 10 000 people, and the country is relying on mining to drive growth once the virus is contained, the finance minister said. Guinea is the world's top exporter of the aluminium ore bauxite and... 

Guinea bets on mining for post-Ebola economic recovery

Sale of Richland’s Tanzanian assets concluded

By: Creamer Media Reporter Aim-listed Richland Resources this week closed the sale of its tanzanite mining, beneficiation and tsavorite licence interests in Tanzania to Sky Associates for $5.1-million. The gemstone miner announced in November 2014 that it would exit Tanzania to focus on its sapphire operation in Australia,... 

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