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Contract Mining News

Auditors approve Sentula’s ’09 profit forecast

By: Matthew Hill     29th July 2008 Sentula Mining’s share price rose rapidly in late trade JSE on Tuesday, after it said that its auditors had approved its 2009 profit forecast as “acceptable”. The forecast in question had resulted in the company having its shares suspended on the local bourse, after a director said on a... 

Namakwa Sands boosts safety standards

By: Loni Prinsloo     4th July 2008 The integrated mineral sands mining, mineral separation and metal smelting operation purchased Namakwa Sands, by multicommodity resources giant Exxaro Resources, has boosted the company’s occupational safety standards with the implementation of automated plant clearance software IntelliPERMIT at... 

Richards Bay Minerals approves R1-billion project

By: Loni Prinsloo     4th July 2008 The heavy mineral sand mining operation north of Richards Bay, Richards Bay Minerals (RBM), has approved over R1-billion in funding for its tailing treatment plant project (TTP). 

Sentula expects profit to increase to R400m, shares rise

By: Matthew Hill     27th June 2008 Mining services and coal development company Sentula on Friday said it expected to make a post-tax profit of R400-million for the year to March 2009, which would be a 70% increase on the previous year's figure of R234-million. The announcement came after trading in the company's shares was... 

Sentula more than doubles profit, CEO upbeat about future

By: Matthew Hill     25th June 2008 Mining services company Sentula Mining reported that its after-tax profit for the year ended March 31 had more than doubled to R234-million from the restated figure of R93-million. The JSE listed company rose 7,96% in Johannesburg, trading at R12,20 a share at 09:08. 

Backfill system could double reserves at niobium mine – Iamgold

By: Liezel Hill     2nd June 2008 Canadian gold-miner Iamgold believes that it could double the reserves at its Niobec niobium mine, in Quebec, Canada, by introducing a paste backfill system at the operation, the company said on Monday. A study on the proposal had indicated that it would cost about C$8-million and could be... 

Sentula share price drops sharply after profit, accounting errors warning

By: Matthew Hill     2nd June 2008 Contract miner and coal producer Sentula Mining hit a new low on the JSE on Monday morning, after it announced that its earnings for the year ended March would drop. It expected headline earnings to come in at between 74c a share and 89c a share, compared with the previous year's figure of... 

Asian commodities demand feeds local operations

By: Sylvester Haskins     23rd May 2008 Multidisciplinary construction and engineering group, Grinaker-LTA, forecasts positive growth in its contract mining operations, Grinaker-LTA Mining Contracting MD Alf Wood tells Mining Weekly.  

Commodities boom calls on outsourcing to fill skills gap

By: Sylvester Haskins     23rd May 2008 The array of expansion activities in the mining sector, spurred on by the international commodities boom, has seen skills outsourcing becoming an essential cog in the mining industry, as stakeholders are compelled to tap into the sought-after mining engineering skills that contract mining... 

Contract miner fills gap for highly skilled mining personnel

By: Sylvester Haskins     23rd May 2008 The provision of highly skilled personnel for the array of mining engineering and infrastructure-build operations at mines, is the driver of the contract mining industry, states mining contractor Shaft Sinkers corporate services director Tom Pietrzak. 

Skilled personnel are key to a successful mining operation

By: Sylvester Haskins     23rd May 2008 The ability to operate machinery efficiently and productively, in order for a contractor to achieve targets, is a fundamental prerequisite and similarly pivotal to having the appropriate equipment in any mining operation, mining contractor Concor Mining MD Trevor Robinson tells Mining Weekly. 

Strategic realignment follows internal ownership transfer

By: Sylvester Haskins     23rd May 2008 An undisclosed share transfer arrangement in the first quarter of this year resulted in mining and tunneling construction company Deilmann-Haniel becoming Redpath Mining South Africa. 

Gold Fields tests winder ropes at all mines after fatal accident

By: Liezel Hill     2nd May 2008 Gold miner Gold Fields expected to have completed thorough testing of all the winding ropes at its South African mines by Saturday, the company said on Friday morning. The Department of Minerals and Energy issued a directive ordering the safety checks, following an accident on Thursday in which... 

Earthmoving and surface mining equipment company broadening South African skills base 

By: Loni Prinsloo     14th March 2008 Newly structured Barloworld Equipment has set a benchmark with the Barloworld Equipment Operator Academy. During a recent audit by the Construction Education and Training Authority (Ceta), the company was commended on the quality of its training facility. 

OTR tyre manufacturer upping its production to cope with demand

By: Loni Prinsloo     14th March 2008 To tackle the problem of global earthmoving equipment tyre shortages, the manufacturer of the first radial tyre Michelin, is investing a large amount of money to increase its capacity to manufacture of-the-road tyres (OTR). The company predicts that the demand for OTR tyres will continue until 2012. 

Buildmax buys mining and earthmoving contractor for R565m

By: Olivia Soraya Spadavecchia     26th February 2008 Construction materials manufacturer Buildmax said on Tuesday that it had concluded an agreement to acquire open cast mining and earthmoving contractor Diesel Power Open Cast Mining (Diesel Power) for R565-million. Buildmax explained that the acquisition of Diesel Power enhanced the company's... 

Simulated techniques help miners learn effectively

By: Shannon de Ryhove     22nd February 2008 Mining contracting company Murray & Roberts Cementation says that its focus during networking at the Mining Indaba was on skills development and the strategies it has in place to ensure increased exposure of its resources. 

Grinaker-LTA Metals & Minerals places its resources behind growth

By: Leandi Kolver     15th February 2008 Multidisciplinary construction group Grinaker-LTA Metals & Minerals, a division of Aveng (Africa), has invested significantly in upskilling its staff, and GM Marius Botes says a strong focus has been placed on enhancing the skills of project managers. 

Morphed contract miner sees red-hot Redpath ahead

By: Leandi Kolver     15th February 2008 Since a share-transfer arrangement that saw Deilmann-Haniel become Redpath Mining, the company has seen monthly turnover increase twelvefold in the last two years. 

South African mining services, equipment highly sought after

By: Leandi Kolver     1st February 2008 The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is hosting the Canadian Export initiative: CIM Tradex 2008 from 4 to 7 May, in an effort to build a stronger trade relationship between the Canadian mining industry and the South African mining equipment and services industry.  

1 300 contract miners fired at Marikana after illegal strike

By: Liezel Hill     19th December 2007 Platinum-miners Aquarius Platinum South Africa and Anglo Platinum are losing 500 oz of platinum-group metal production a day, after the underground contractor at their jointly-owned Marikana mine, in South Africa, fired 1 300 employees who particpated in an illegal strike.  

Mine project firm TWP’s shares leap on listing

By: Martin Creamer     7th December 2007 Buying mine-shovel shares before buying mine shares could be the investor logic behind the leap on listing of the share price of TWP.  

London investor acquires control of Shaft Sinkers for R245-millon

By: Dennis Ndaba     30th November 2007 London based company International Mineral Resources (IMR) has acquired a 60% stake in Shaft Sinkers in a deal worth R245-million. 

New BEE distributor of lighting products to mines

By: Leandi Kolver     30th November 2007 A new distributor for Hella Mining lighting products known as KHD Africa, has been launched following the takeover of the lighting division from KH Diesel & Electrical. 

Commodity boom spurs contract-mining growth, says explosives supplier 

By: Brindaveni Naidoo     23rd November 2007 A number of years still lie ahead for contractor growth in South Africa’s mining industry as a result of the commodity boom, said mining explosives supplier Bulk Mining Explosives (bme) operation manager Albie Visser at the fifteenth annual bme conference on explosives drilling and blasting... 

Contract workers down tools at AngloPlat, Implats, ARM

By: Christy van der Merwe     12th November 2007 About 10 000 mine workers employed by mining services contractor JIC Mining have downed tools in a pay strike which started on Sunday afternoon, to voice dissatisfaction in the way in which JIC conducts itself, National Union of Mineworkers (NUM) spokesperson Lesiba Seshoka said on Monday. 

Coffey Mining/RSG Global opens Zambian office

     12th September 2007 Mining consultancy group Coffey Mining/RSG Global has opened its first office in Zambia, to capitalise on the country’s booming resources industry and create a base to begin operating in the Democratic Republic of Congo, the firm said on Wednesday. 

Aveng confident of victory, albeit delayed, in Aquarius dispute 

By: Matthew Hill     10th September 2007 Construction, engineering and steel group Aveng has said, in its most confident statement on the dispute yet, that platinum-miner Aquarius Platinum South Africa would eventually have to pay out for cancelling a mining contract at its Marikana mine, but that this would likely only occur in three... 

Diesel technician apprenticeship programme way to overcome losses

By: Irma Venter     3rd August 2007 The now well-known mantra of 'skills, skills, skills,' also rings true for the construction and mining machinery industry. 

Shaft Sinkers achieves 1m fatality-free shifts 

By: Nelendhre Moodley     27th July 2007 Mining contractor Shaft Sinkers on Friday announced that it had achieved one-million fatality-free shifts on July 23 - for the third time since 2001. 

Scharrig Mining expects earnings to rise 40% - 45% y-on-y

By: Matthew Hill     18th June 2007 JSE-listed contract mining company Scharrig Mining (Sharrig) said on Monday that it expected its headline earnings a share and earnings a share for the year ended March 31 to be between 40% and 45% higher than the previous year�s figures. 

SA shaft sinkers operating at near-capacity levels

By: Matthew Hill     1st June 2007 South African shaft-sinking companies are currently operating very near to capacity, platinum junior Wesizwe CEO Michael Solomon said on Thursday. This was after mining investment appeared to have picked up in the country, following heavy criticism aimed at government over a perceived lack of... 

Mock-ups, computer-aided training to enhance productivity

By: Neal Goldwyer     4th May 2007 Additional shaft mock-ups, a multimedia education centre, and two new mining equipment simulators are planned for the Murray & Roberts Cementation Training Academy at its premises in Bentley Park near the town of Carletonville on the West Rand. 

Scharrig buys further 8% of Geosearch for R50m

By: Nelendhre Moodley     12th April 2007 South African mining services company Scharrig Mining (Scharrig) on Thursday announced the acquisition of a further 8% in Geosearch Exploration and Drilling in exchange for R50-million worth of Scharrig ordinary shares. 

Mining service group growing by acquisition

By: Keith Campbell     15th December 2006 In recent months South African mining services company Schar-rig Mining has significantly expanded its client base, and range and area of operations, through a programme of acqusition of other companies. 

New empowerment deal helps to secure platinum shaft development project

By: Jade Davenport     3rd November 2006 Mining contracting company Deilmann-Haniel SA (DHSA) has announced the successful conclusion of a black economic-empowerment (BEE) transaction that will enable black-owned Siyakhula Sonke Empowerment Corporation (SSC) to acquire 26% of the equity in DHSA. 

Mining new technology

By: Laura Tyrer     7th July 2006 Major gold producer Gold Fields is in the process of exploring technological changes that will assist the company’s drive towards improving general plant efficiencies and operating costs at its mines. 

Significant progress made at No 20 shaft project

By: Jade Davenport     2nd June 2006 One of South Africa’s most anticipated pla-tinum-mine projects, Impala Platinum’s No 20 shaft, reached a significant stage in its development in April, when the shaft-sinking contractors hit the Merensky reef at a depth of 892 m. 

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