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Portfolio committee ‘concerned’ by illegal mining in KZN

By: Natalie Greve     Updated 2 minutes ago The Portfolio Committee on Mineral Resources says it is concerned about the scale of illegal coal mining at a derelict mine in Osizweni, outside Newcastle, in KwaZulu-Natal. Committee chairperson Sahlulele Luzipo said during a meeting with entities of the Department of Mineral Resources (DMR) –... 

Portfolio committee ‘concerned’ by illegal mining in KZN

Guineau-focused developer moves to fill bauxite supply breach

By: Natalie Greve     Updated 4 minutes ago JOHANNESBURG (miningweekly.com) – Ireland-based Anglo African Minerals is looking to fast-track its 43-million-ton Guineau-based bauxite project into production by 2016, telling Mining Weekly Online that production from the 338 km2 project would go some way towards filling the supply deficit... 

Guineau-focused developer moves to fill bauxite supply breach

Norilsk sheds African assets in $337m deal

By: Natasha Odendaal     Updated 57 minutes ago Norilsk Nickel is set to sell its African assets to Botswana-based mining company BCL for $337-million, as the Russian miner’s newly adopted strategy to shed all international assets moves forward. The parties on Monday announced the conclusion of definitive transaction agreements that would see... 

Norilsk sheds African assets in $337m deal

China's CITIC wins trial date against Australian billionaire

By: Reuters     Updated 1 hour 15 minutes ago An Australian court on Monday rejected billionaire politician Clive Palmer's attempt to stop a case brought against him by China's CITIC Ltd, and cleared the way for a trial in November. Palmer wanted the court to throw out CITIC's lawsuit, which alleges he used A$12-million ($10.5-million) that... 

Australia urged to remove gas supply barriers as prices are set to rise

By: Esmarie Swanepoel     Updated 1 hour 19 minutes ago The Australian Petroleum Production & Exploration Association (Appea) on Monday welcomed recommendations that the Australian government should remove inappropriate barriers to gas production and should minimise the regulatory burdens on the gas producers. Appea was responding to a report from... 

Paladin’s Langer Heinrich output below forecast

By: Esmarie Swanepoel     Updated 1 hour 33 minutes ago September quarter production from the Langer Heinrich mine, in Namibia, was significantly lower than expected, as unforeseen issues with process circuit scaling exacerbated production losses from planned maintenance, ASX- and TSX-listed Paladin Energy reported. The uranium miner had previously... 

Talisman to pay $10m for Glencore’s idled Sinclair nickel mine

By: Esmarie Swanepoel     Updated 1 hour 39 minutes ago Minerals explorer Talisman Mining has signed an agreement with major Glencore’s Xstrata Nickel Australasia Operations to acquire the Sinclair nickel mine, in Western Australia, for a deal valued at A$10-million. Under the terms of the agreement, Talisman would make a cash payment of A$8-million... 

Miners need sustainable solutions to productivity problem – EY

By: Esmarie Swanepoel     Updated 1 hour 42 minutes ago A report by advisory firm Ernst & Young (EY) has indicated that cost cutting would only lead to short-term productivity gains for mining companies with complex operations and that sustainable long-term solutions were needed. In its new report, ‘Productivity in mining: now comes the hard part’,... 

Miners need sustainable solutions to productivity problem – EY

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