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BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

By: Megan van Wyngaardt     Updated 10 minutes ago Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium’s business rescue practitioners (BRPs) have appointed nonexecutive director Andrew Phillip Maralack acting CFO of the company, with immediate effect. Maralack was a qualified chartered accountant with... 

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

Lucapa to sign earthmoving deal, lists on Frankfurt Stock Exchange

By: Megan van Wyngaardt     Updated 21 minutes ago Dual-listed Lucapa Diamond Company is set to sign a A$4.5-million deal with unnamed partners to source new Caterpillar earthmoving equipment. The company, which on Thursday completed a secondary listing on the Frankfurt Stock Exchange, said the new equipment would enable diamond mining at its... 

Portfolio committee asks for clarity on fracking

By: Megan van Wyngaardt     Updated 1 hour 40 minutes ago The Portfolio Committee on Mineral Resources on Thursday said it needed a comprehensive report, as well as insight into the relevant legislation, regarding hydraulic fracturing, or fracking, in South Africa. “This information will empower us to understand all the nitty-gritty aspects that are... 

Portfolio committee asks for clarity on fracking

Norway oil fund may have to sell out of up to 75 firms due to coal ban

By: Reuters     Updated 1 hour 55 minutes ago Norway's $900-billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Parliament's finance committee agreed a cross-party deal on... 

Fly-in, fly-out ‘necessary, but overused’ – unions

By: Creamer Media Reporter      Updated 3 hours ago Australian trade unions have raised concern about the widespread use of long-distance commuting forms, such as fly-in, fly-out (Fifo) work practices, and have called on federal and state governments to do more to ensure that mining companies provide workers with a choice about their working and... 

Andile Sangqu to head Anglo South Africa

By: Martin Creamer     Updated 4 hours ago Andile Sangqu, former Xstrata and current Impala Platinum executive and new VP of the Chamber of Mines of South Africa, has sprung to further prominence as the new executive head of Anglo American South Africa. Anglo American plc also announced on Thursday that Kumba Iron Ore CEO Norman Mbazima... 

Andile Sangqu to head Anglo South Africa
Norman Mbazima (left) and Andile Sangqu

India’s SCCL lines up $80m for overseas acquisition

By: Ajoy K Das     Updated 6 hours ago India’s Singareni Collieries Company Limited (SCCL) has set up a corpus of about $80-million to acquire an equity stake in an overseas coal block. The southern India-based miner is seeking to pick up the stake to secure coal supplies of at least five-million tons a year, as part of a plan to ramp... 

India’s SCCL lines up $80m for overseas acquisition

De Beers, six others form Diamond Producers Association

By: Creamer Media Reporter      Updated 6 hours ago De Beers has partnered with six other diamond miners to establish the Diamond Producers Association (DPA), which would actively engage with industry and nonindustry organisations to promote the interests of the diamond sector. The other founding members were Alrosa, Rio Tinto, Dominion Diamond... 

De Beers, six others form Diamond Producers Association

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