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Contract Mining News
New twist in M&R battle as takeover body disallows further progress on Aveng tie-up
By: Terence Creamer 2nd August 2018 The protracted tussle for control of Murray & Roberts (M&R) took yet another turn this week, after the Takeover Special Committee (TSC) overturned a June decision by the Takeover Regulation Panel (TRP), allowing M&R to continue with preparations for a potential combination with Aveng, despite the... →
ATON’s mandatory offer undervalues company, M&R reiterates in circular
By: Terence Creamer 2nd July 2018 The board of engineering and construction group Murray & Roberts (M&R) has again guided shareholders not to accept ATON’s mandatory offer of R17 a share, which it argues undervalues M&R’s strategic platforms and business prospects. The board made the statement in a circular response to ATON’s... →
Support to ensure optimal performance
22nd June 2018 With mining operations remaining under pressure to optimise plants, original-equipment manufacturers (OEMs) and suppliers must be more dynamic and focused in terms of their overall market offering, says minerals beneficiation technology supplier MBE Minerals SA MD Johannes Kottmann. He says that... →
Takeover panel clears way for M&R to move on Aveng tie-up amid ongoing ATON opposition
By: Terence Creamer 21st June 2018 Murray & Roberts (M&R) announced on Thursday that it would proceed to further develop a potential tie-up with Aveng after the Takeover Regulation Panel (TRP) sanctioned the outcome of an earlier shareholder vote, which approved a resolution stating that the proposed Aveng deal was not designed to... →
Aveng shares leap as M&R moves closer to tie-up
By: Reuters 19th June 2018 Shareholders in South Africa’s Murray & Roberts voted on Tuesday for the company to look into a potential tie up with construction rival Aveng, sending Aveng's shares around 25% higher. The resolution got the backing of 52.06% of votes at the Murray & Roberts' (M&R) annual shareholder meeting. →
M&R CEO Henry Laas
ATON welcomes tribunal’s M&R voting-rights ruling, despite restrictions
By: Terence Creamer 18th June 2018 Investment company ATON, which is seeking to acquire Murray & Roberts (M&R), has welcomed a Competition Tribunal ruling opening the way for it to vote all its shares at a general meeting at which M&R shareholders will vote on the merits of a proposed transaction with Aveng. The meeting is... →
Heavy rains affect production at Manica gold concession
8th June 2018 The alluvial production at the Manica gold mining concession in Mozambique for the first quarter of the year was disappointing on the back of prolonged heavy rains, although real progress was made, says diversified metals and minerals producer Xtract Resources executive chairperson Colin Bird.... →
ATON questions logic of M&R’s proposed ‘poison pill’ Aveng deal
By: Terence Creamer 31st May 2018 Investment company ATON, which is preparing a mandatory offer to buy all the shares in Murray & Roberts (M&R) it does not already own, has reiterated it steadfast opposition to M&R’s proposed acquisition of Aveng, describing the proposed Aveng transaction as a “poison pill” to prevent a takeover... →
ATON says Aveng transaction would distract M&R from focusing on growth opportunities in mining
M&R says meeting set with ATON to discuss ‘highly strategic’ Aveng deal
By: Terence Creamer 30th May 2018 Murray & Roberts (M&R) confirmed on Wednesday that it would be meeting with its largest single shareholder, ATON, to discuss the merits of M&R’s proposed acquisition of Aveng, which it continues to describe as “highly strategic”. No date has been provided for the meeting, which is being pursued... →
As ATON prepares mandatory offer, M&R board says higher price still ‘undervalues’ company
By: Terence Creamer 29th May 2018 The takeover battle for engineering and construction group Murray & Roberts (M&R) by German investment company ATON intensified this week with ATON announcing its intention to make a new mandatory offer, following a Takeover Special Committee (TSC) ruling instructing ATON to withdraw its earlier... →
African Sun Mining pursues opportunities at Junior Indaba
By: Donald Makhafola 25th May 2018 Owing to the current high prices of commodities, wholly black-owned, Pretoria-based opencast mining contractor African Sun Mining hopes to liaise with mining companies, which are prepared to start new projects, during this year’s Junior Indaba to be held from June 5 to 6 at the Johannesburg... →
Concor targets larger share of infrastructure market as part of big growth push
By: Terence Creamer 30th April 2018 Wholly black-owned construction group Concor, which marked its first year of operations in April, is aiming to materially increase its share of the public infrastructure market as part of an ambitious plan to increase its order book to R10-billion by 2020. The company, which has a Level 1... →
First ‘Resources for Future Generations’ conference to be held in Vancouver
By: Henry Lazenby 13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... →
RFG2018 chairperson John Thompson
World's biggest mining show draws huge crowd, signalling mining investment optimism
By: Henry Lazenby 7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... →
Mining-specific staff recruitment, management app developed 
By: Mia Breytenbach 6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... →
M&R’s oil and gas unit turns to ‘complementary markets’ amid project slowdown
By: Terence Creamer 1st March 2018 The oil and gas unit of engineering and construction group Murray & Roberts (M&R) is actively pursuing projects in “complementary markets”, owing to a slowdown in new project activity in the Australasian oil and gas sector. The value of M&R’s oil and gas order book has fallen to below R4-billion,... →
Leon expects mining industry to have a future under Ramaphosa’s Presidency
By: Nadine James 16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... →
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon
MRL H1 results in line with expectations
By: Mariaan Webb 8th February 2018 Mining services and processing company Mineral Resources Limited (MRL) on Thursday reported half-year results that are in line with its expectations, with revenue of A$962-million and earnings before interest, tax, depreciation and amortisation (Ebitda) of A$352-million. Revenue in the six months... →
Engineering group Sandvik rides strong demand as profit tops forecast
By: Reuters 5th February 2018 Swedish engineering group Sandvik posted better than expected fourth-quarter core profit on Monday and said demand had been strong across all of its business areas. The Swedish maker of metal-cutting tools, mining equipment and speciality steels has been riding booming demand for mining gear as... →
Barminco makes strong turnaround
By: Megan van Wyngaardt 2nd February 2018 Underground hard-rock mining contractor Barminco on Friday reported earnings before interest, taxes, depreciation, and amortisation (Ebitda) of $75.6-million for the half year ended December 31, 2017, up 12.2% from the prior year. Barminco CFO Peter Bryant said the result was a significant... →
Manufacturer expands offering
26th January 2018 To fill a perceived gap between Japanese multinational manufacturing corporation Komatsu’s PC600 and PC850 ranges of excavators, the company launched its PC700LC-8R SE (PC700) excavator in December last year, after consulting with many operators engaged in the global mining industry. →
Tailings retreatment company to emphasise value of its plants
By: Marleny Arnoldi 26th January 2018 Although tailings retreatment has been practised for 16 years in South Africa, it is still relatively new; it is not mines’ core business and, therefore, they require convincing with regard to the profitability of installing a plant at the back-end of their operations, says platinum group metals... →
ERICA LAUBSCHER, TANIA PIENAAR & DAVE BAIGENT One of Tailtech’s strengths lies in its ability to run its plants located at large mining operations at a gross profit of up to 95% during some months
Canadian junior mining company makes progress in Northern Cape
15th December 2017 Canadian junior mining company Tango Mining has made progress at its Oena diamond project, based in the Northern Cape in South Africa, appointing diamond recovery company Bluedust 7 as its mining contractor, which it announced in October. The contract will take place for a 60-month period, during... →
Company continues ramp-up of new iron-ore asset
By: Natasha Odendaal 8th December 2017 Industrial minerals, commodities and construction materials group Afrimat has successfully recommissioned its recently acquired iron-ore play, with full production on track for March 2018. The acquisition of the distressed small iron-ore mine, Diro, in the Northern Cape, had marked a new phase... →
Tshipi Borwa manganese mine boosts Jupiter to R336-million interim profit
By: Schalk Burger 6th December 2017 South Africa’s Tshipi Borwa manganese mine provided ASX-listed Jupiter Mines with an interim profit of R336-million, while its Australian Mount Ida magnetite and Mount Mason direct shipping ore hematite projects remain under care and maintenance. “During the half-year period, the focus was on the... →
Triton shortlists two EPC contractors to spearhead Ancuabe construction
By: Samantha Herbst 27th November 2017 ASX-listed graphite developer Triton Minerals has shortlisted engineering, procurement and construction management (EPCM) companies Sinosteel Equipment & Engineering and MCC International as potential EPC contractors for its Mozambique-based Ancuabe graphite project. Triton announced on Monday... →
Increasing demand for variable-speed drives
By: Simone Liedtke 24th November 2017 Following the successful commissioning of two MoviDrive B ventilation and air conditioning variable-speed drives (VSDs) at an underground mine in the North-West, in South Africa, drive engineering specialist SEW-Eurodrive South Africa will commission an additional four of its MoviDrive B drives... →
Relays assist with cable-theft detection
By: Simone Liedtke 24th November 2017 Mining system solutions supplier Becker Mining South Africa’s Proloc and ProBeck electronic protection and control relays have been designed for motor protection, as well as cable-theft detection, in diverse industries, including ventilation and cooling applications in mining and quarrying. →
Call for better understanding of trackless mobile mining equipment regulations
By: Ilan Solomons 10th November 2017 Mechanisation of the South African mining sector is a major priority for all stakeholders. However, with the introduction of mechanised mining technologies come several new challenges, one of which relates to the brakes and in-service brake testing of trackless mobile mining (TMM) equipment, says... →
DANIE BURGER There are currently a number of problems relating to the standards for the testing of brakes and in-service brake testing of trackless mobile mining equipment
Low capital cost key to continuous improvement
By: Simone Liedtke 3rd November 2017 Delivering well-executed projects at a low capital cost is key to continuous improvement within the local and global mining industry, and Sandton-based process and engineering service provider Metix attributes its ongoing success to its ability to do so for large projects on an engineering,... →
Project management facility designed to enhance every plant
By: Simone Liedtke 3rd November 2017 Technical solutions supplier BMG’s specialist solutions services for the mining sector encompass a complete project management facility, in Johannesburg, which is designed to improve operational efficiencies of every plant, states BMG contracts and projects GM André Smith. →
Turnkey solutions provided for gold mine in East Asia
3rd November 2017 Gauteng-based mining equipment manufacturer Tech Edge Group recently supplied winches, winders and a range of ancillary products and services for a new service shaft at a gold mine in East Asia. This, the company notes, was carried out in collaboration with consultants from Australia and South... →
Mechanised mining produces indirect jobs, uptake increasing
By: Victor Moolman 3rd November 2017 Despite the popular belief that the proliferation of mechanised mines in the African mining industry will lead to job losses, mechanised mining does generate new employment opportunities, although indirectly through the maintenance, logistics, spare parts transportation, fuel requirements and... →
Scarce funding necessitates effective project management
By: Simone Liedtke 3rd November 2017 The South African mining industry is not a sunset industry, but will continue its decline until there is a significant change in the relationship between industry stakeholders, such as government, labour and mining companies, states Paradigm Project Management (PPM) director Jeremy Clarke. →
JEREMY CLARKE A common belief is that money should not be spent on project management
South Africa’s Master Drilling expands into India, Australia
By: Martin Creamer 1st November 2017 Raise bore drilling company Master Drilling on Wednesday announced its expansion into India, where it will support a zinc mine, and Australia, where it will support a gold project. The Johannesburg Stock Exchange-listed company said it would be deploying a large raisebore machine to a Vedanta... →
Master Drilling CEO Danie Pretorius
South Africa spending less than its peers on mining research and development
By: Mia Breytenbach 20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... →
CoAL settles major liabilities, transitions into coal producer in 'extremely positive year'
By: Mia Breytenbach 13th October 2017 Following an “extremely positive and transformational year” in which South Africa-focused Coal of Africa Limited (CoAL) achieved significant milestones, such as settling significant liabilities and transitioning into a coal producer with the acquisition of the cash-generative Uitkomst colliery,... →
First gold pour at new Mali gold mine by year-end
By: Mia Breytenbach 6th October 2017 The ball mill shell has been successfully installed at emerging gold miner Hummingbird Resources’ flagship Yanfolila project, in Mali, which remains on schedule and on budget for the first gold pour by the end of this year. The installation is a significant milestone in progressing the project to... →
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