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Africa
 
ELECTRICITY

Medupi Unit 6 synchronisation set down for Dec 15

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The Medupi power station project Electricity producer Eskom has, for the first time, offered a detailed timeline for the synchronisation of Medupi Unit 6, which is officially scheduled for December 15, 2014. Addressing a joint meeting of the Portfolio Committees on Public...
29th July 2014
 
 
COAL

Transnet CEO Molefe raises alarm on softening coal price

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Transnet CEO Brian Molefe on Tuesday raised the alarm over the ever-declining coal price. The company planned to undertake a study on the impact of the lower coal price and said it would make an announcement in due course.
29th July 2014
 
 
GOLD

Asanko's Dynamite Hill resource estimate likely Sept, mining to start Q3 2015

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A maiden mineral resource estimate (MRE) for West Africa-focused project developer Asanko Gold’s Dynamite Hill deposit, in Ghana, is being compiled, following positive metallurgical testwork results, and should be published in September, the...
29th July 2014
 
 
FATALITY

Production halted at Doornkop mine following fatality

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Doornkop mine All production at gold miner Harmony Gold’s Doornkop mine, west of Johannesburg, has been stopped following a fatality owing to a fall-of-ground incident on Tuesday morning, the company reported, adding that investigations into the accident were...
29th July 2014
 
 
IRON-ORE

Mauritania's SNIM targets iron-ore output of 13Mt in 2014

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Mauritania's national iron ore mining company SNIM aims to produce 13-million tonnes in 2014, around the same level as last year, the majority state-owned firm said. Production from the mine in the northern desert town of Zouerate hit 6.7-million...
29th July 2014
 
 
EXPLOSIVES

AEL eyes Australian market for growth

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Mark Dytor AECI’s explosives arm AEL has branched out into Australia as it teams up with undisclosed customers for the supply of explosives into this new market. An AECI office had been established in Brisbane, while preparations were under way to ship a...
29th July 2014
 
 
ELECTRICITY

Eskom outlines power station recovery plan to lawmakers

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State-owned electricity producer Eskom reported on Tuesday that a five-point recovery plan was being introduced in a bid to place its underperforming power station fleet on a “sustainable path”. However, Eskom cautioned that an additional 7...
29th July 2014
 
 
GOLD

New London gold 'fix' administrator to be in place by end-2014

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The operator of the gold price "fix" said on Tuesday the process to find a new administrator for the century-old benchmarking system will last one month from late August, and will be working by the end of 2014. London Gold Market Fixing Ltd...
29th July 2014
 
 
PLATINUM

South Africa's ANC prefers local buyer for Amplats mines

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South Africa's ruling African National Congress (ANC) would like a local company to buy mines being sold by Anglo American Platinum but it will not try and influence the deal, the party said on Tuesday. The world's biggest platinum producer, a...
29th July 2014
 
 
DIAMONDS

Petra Diamonds' No 2 shareholder dumps 70% stake in miner

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Petra Diamonds said its second-largest shareholder sold more than two-thirds of its stake in the diamond miner through a placement at a discount of 12% to the stock's Monday close. The stock was down 11% at 193.25p at 1042 GMT on the London Stock...
29th July 2014
 
 
LABOUR

Debate on length of strikes needed – Mantashe

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ANC secretary general Gwede Mantashe Society needs to debate solutions to strikes that last too long, ANC secretary general Gwede Mantashe said on Tuesday. "Such a debate must not be seen as an attack on workers' rights and an affront on the right to strike but rather an important...
29th July 2014
 
 
PEOPLE

Brown promises Eskom CEO appointment by mid-August

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Public Enterprises Minister Lynne Brown Public Enterprises Minister Lynne Brown told the Joint Parliamentary Committee on Energy and Public Enterprises on Tuesday that the new Eskom CEO would be appointed within weeks. She said she was “treating the appointment of a permanent CEO with...
29th July 2014
 
 
 
 
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Mining project studies on the increase – DRA Video
Kumba’s cash return to black shareholding now... Video
Kumba providing helping hand to up-and-coming... Video
Amplats capitalising mechanised mines, may... Video
Aviation hitech flying into South African... Video
Mining needs quantum change – SAIMM Video
State mulling Eskom’s ‘comprehensive... Video
60 000 ex-mineworkers come forward to claim... Video
Top-level intervention needed to salvage Anglo,... Video
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Underground coal gasification has key... Audio
Anooraq focusing on doubling output... Audio
Tanzania's Jengo wants mine listings... Audio
Wits Gold plans to move De Bron into... Audio
London Mining expects iron-ore prices... Audio
Kebble R1bn unlocked as... Audio
Geovic confident on Cameroon cobalt... Audio
GFMS predicts new gold highs in 2010,... Audio
IFC wants to get in early on... Audio