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R8bn project on time and under budget

By: Ilan Solomons Diversified miner Glencore’s Tweefontein Optimisation Project (TOP) – a brownfield expansion of the existing Tweefontein operation − was on course to reach steady-state plant production of 12.4-million tons a year by August 2015, the company told Mining Weekly during a site visit last month.... 

R8bn project on time and under budget
YIELDING RESULTS The Tweefontein Optimisation Project’s yield will be about 60%, which will result in about seven-million tons of processed coal product

Wesizwe reaches underground milestone

By: Natasha Odendaal RUSTENBURG (miningweekly.com) – Chinese-backed emerging platinum producer Wesizwe Platinum has reached another milestone at its flagship Bakubung platinum mine project, which is already two-and-a-half years ahead of schedule. Despite facing tensions in the platinum belt during the year, continual... 

Wesizwe reaches underground milestone

DRC’s Orientale ‘open for business’ – Bamanisa

By: Natasha Odendaal The Democratic Republic of Congo’s (DRC's) largest province has embarked on a roadshow to court public–private partnerships (PPPs) and attract investors to develop the 503 239 km2 region that is being rebuilt. The Province Orientale aimed to draw investors to opportunities in public works,... 

DRC’s Orientale ‘open for business’ – Bamanisa
DRC Province Orientale Governor Saidi Jean Bamanisa

Lonmin, AMCU celebrate finalisation of landmark BEE equity deal

By: Natalie Greve Lonmin has brought to a close three landmark black economic-empowerment (BEE) deals with employees and host communities that will now bring black ownership levels in the group to 26% and that have resulted in the creation of several community trusts in the labour-fractious Marikana region of the... 

Mineworker numbers set to fall 8% a year – Teba

By: Martin Creamer The number of mineworkers employed in gold mining and platinum mining in South Africa is expected to decline by about 8% a year in the next two years, says Teba Limited CEO Graham Herbert. Herbert, who spoke to Mining Weekly Online in the attached video interview, says his company – which is... 

Mineworker numbers set to fall 8% a year – Teba
Photo by Duane Daws
Graham Herbert (right) and Martin Creamer

Glencore’s new low-cost Tweefontein coal mine coming in below budget

By: Martin Creamer The new coal emerging from Glencore’s on-time, 85%-complete, R8.213-billion Tweefontein Optimisation Project (TOP) is coming in under budget. The project has delivered a low-cost, long-life brownfields expansion that has elevated Tweefontein into a modern, predominantly opencast operation that... 

Glencore’s new low-cost Tweefontein coal mine coming in below budget
Photo by Duane Daws
Allen Butcher and Martin Creamer on site at Tweefontein.

Natural gas a big GHG contributor

By: David D‘ Oliveira As indicated in President Jacob Zuma’s June State of the Nation Address, South Africa is serious about integrating natural gas into the country’s energy mix. This, however, could have unexamined consequences on South Africa’s contribution to global warming, as is the case in the shale gas-centric... 

Natural gas a big GHG contributor
Photo by Bloomberg
SHALE GAS FACILITY Studies have shown that many natural gas wells in the US have methane gas leakages of more than 9%

BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Technology initially developed for oil and gas industry enables visualisation of subsurface of entire mining area

By: Chantelle Kotze Using only traditional exploration techniques, such as drilling boreholes, does not enable an accurate perspective of the structural complexity of the earth’s subsurface at depth. However, using new three-dimensional (3D) seismic reflection interpretation technology, initially developed for the... 

Technology initially developed for oil and gas industry  enables visualisation of subsurface of entire mining area
MUSA MANZI Manzi is researching new ways of interpreting 3D seismic reflective data – acquired by gold miners Gold Fields and AngloGold Ashanti – of the Witwatersrand basin

Central African Republic new ‘blood diamond’ hub 

By: Martin Creamer The dysfunctional Central African Republic (CAR) has taken over as the country where “blood diamond” activity is again rife. Diamonds worth $24-million have been smuggled out of CAR since the suspension of the Kimberley Process last year and Seleka rebels and "anti-balaka" militia are providing... 

Central African Republic new ‘blood diamond’ hub
Photo by Creamer Media
Thierry Vircoulon (right) and Martin Creamer

Technology slashes power use at Glencore's huge S African chrome smelter 

By: Martin Creamer The Lion ferrochrome smelter owned and operated by the Glencore Merafe Chrome Venture, uses 37% less electricity than conventional ferrochrome processes to produce the equivalent volume of ferrochrome. In addition, the smelter needs far less coke than conventional smelters as well as using... 

Technology slashes power use at Glencore's huge S African chrome smelter
Photo by Duane Daws
Lion's Andre van Zyl and Martin Creamer

Wescoal to be vastly different company by end of FY, H1 profit up

By: Leandi Kolver Junior coal miner and supplier Wescoal would be a vastly different company at the end of the current financial year as new developments came on stream, Wescoal CEO Andre Boje said on Tuesday during a presentation on the company’s results for the six months ended September 30. Boje said that, for... 

Wescoal to be vastly different company by end of FY, H1 profit up
Photo by Duane Daws
Wescoal CEO Andre Boje

AngloGold plans $1bn debt cut, mulls asset sales, partnerships

By: Martin Creamer Gold major AngloGold Ashanti, which beat third-quarter cost and production guidance and has recorded the safest two quarters in its history, is prioritising self-help steps to cut its debt by $1-billion and considering asset sales and partnerships, if required. The third-quarter performance of... 

AngloGold plans $1bn debt cut, mulls asset sales, partnerships
Photo by Duane Daws
AngloGold's Srinivasan Venkatakrishnan and new CFO Christine Ramon

Process control company hones in on Africa

By: Ilan Solomons The African mining industry is becoming an increasingly important market for process control instrumentation and industrial electronics supplier Instrotech, a member of local technology group Comtest, with the company expanding its footprint on the continent, particularly in Zambia, says... 

Process control company hones in on Africa
INSTRUMENTS FOR AFRICA Instrotech is increasing sales in African countries such as Zambia Mozambique, Botswana and Kenya

R1bn set aside for initial Waterberg coal rail ramp-up to 26Mt

By: Terence Creamer State-owned freight logistics group Transnet will invest nearly R1-billion to facilitate an incremental increase in coal export volumes from Limpopo’s Waterberg to 26-million tons between 2015 and 2019. Transnet Freight Rail (TFR) CEO Siyabonga Gama indicated on Wednesday that the “interim”... 

R1bn set aside for initial Waterberg coal rail ramp-up to 26Mt
Photo by Duane Daws
Transnet Freight Rail CEO Siyabonga Gama

Zuma says govt seriously mulling Operation Phakisa for mining sector 

By: Leandi Kolver President Jacob Zuma on Thursday reiterated that government was seriously considering a mining-focused Operation Phakisa phase. Minister in the Presidency Jeff Radebe earlier this year, at the Mining Lekgotla, noted that an Operation Phakisa for the mining sector was on its way, with... 

Zuma says govt seriously mulling Operation Phakisa for mining sector
Photo by Duane Daws
President Jacob Zuma

De Beers plans to keep South African diamond exploration spend at R30m a year

By: Martin Creamer Diamond company De Beers plans to maintain its diamond exploration spend in South Africa at R30-million to R35-million a year. De Beers Consolidation Mines (DBCM) CEO Phillip Barton, who spoke to Mining Weekly Online in a video interview (see attached) on the sidelines of the Diamond Route... 

De Beers plans to keep South African diamond exploration spend at R30m a year
Photo by Creamer Media
Phillip Barton (right) and Martin Creamer

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Costs down, revenue up, diamonds selling well – Rockwell

By: Martin Creamer Alluvial diamond mining company Rockwell Diamonds, which managed to cut its costs radically in the three months to August 31 after nine consecutive quarters of revenue lift, said on Friday that its diamonds were selling well in a stabilising market that was no longer prone to wild swings. The... 

Costs down, revenue up, diamonds selling well – Rockwell
Photo by Duane Daws
Rockwell CEO James Campbell

Anglo puts up R120m for municipal capacity development

By: Chantelle Kotze Programme implementation is already under way for diversified miner Anglo American’s R120-million, three year Municipal Capacity Development Programme (MCDP), which it is undertaking in partnership with the Development Bank of Southern Africa (DBSA) and the Investment Climate Facility for Africa... 

Anglo puts up R120m for municipal  capacity development
KHANYISILE KWEYAMA The Municipal Capacity Development Programme would directly improve the conditions of local communities in South Africa by improving service delivery and shaping social development

Juniors out of favour, face uphill battle to generate own funds

By: Natasha Odendaal Junior mining companies in South Africa have fallen out of favour with investors and have been left to find their own way to profitability, a panel at the 2014 Joburg Indaba revealed on Thursday. Debating the challenges of growing a junior mining project, Submex Investments MD Hugh Callaghan... 

Juniors out of favour, face uphill battle to generate own funds
Photo by Duane Daws
Niel Pretorius

S Africa’s ‘instant’ society hurting prospects

By: Natasha Odendaal South Africa has reached a proverbial crossroads, where the nation’s great Constitution and legal framework and prospects of being a successful country were being offset by persistent poverty, inequality and a scourge of unemployment – and the effects of an increasingly “instant” society.... 

S Africa’s ‘instant’ society hurting prospects
Photo by Duane Daws
Frans Baleni

Minerals amendment Bill may be sent back to Parliament – Minister 

By: Martin Creamer There is a chance that the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill may be referred back to Parliament, Mineral Resources Minister Ngoako Ramatlhodi said on Wednesday. At a media conference the Joburg Indaba, Ramatlhodi said in response to Mining Weekly Online that... 

Minerals amendment Bill may be sent back to Parliament – Minister
Photo by Duane Daws
Ngoako Ramatlhodi

Rio Tinto says it has rejected potential merger with Glencore

By: Esmarie Swanepoel Multinational mining groups Rio Tinto and Glencore on Tuesday confirmed that they had held discussions regarding a possible tie-up, but said that the board of Rio Tinto had rejected a merger with its smaller rival. Both companies confirmed in separate announcements that they were no longer in... 

Rio Tinto says it has rejected potential merger with Glencore

Local supplier on track for R50m turnover

By: David D‘ Oliveira Local screening and vibrating-equipment solutions supplier Aury Africa was on track to achieve a R50-million turnover this year, Aury Africa MD Mark Houchin told Mining Weekly at the company’s Jetpark factory launch earlier this month. Aury Africa is a subsidiary of Chinese screening and... 

Local supplier  on track for  R50m turnover
Photo by Duane Daws
MANUFACTURING CAPABILITIES Aury Africa can manufacture woven wire screens, which are extensively used in mining and quarrying operations

CoAL outlines $400m import-substituting Limpopo coal project

By: Martin Creamer Triple-listed coal junior Coal of Africa Limited (CoAL) CEO David Brown on Tuesday outlined a self-funded $400-million import-substituting hard coking coal project that is scheduled to begin production at Makhado, in Limpopo province, in 2018. Presenting a narrowed cash loss of $21-million in the... 

CoAL outlines $400m import-substituting Limpopo coal project
Photo by Duane Daws
David Brown and Martin Creamer

MPRDA Amendment Bill announcement imminent - Ramatlhodi

By: Chantelle Kotze Mineral Resources Minister Ngoako Ramatlhodi said on Friday, during a visit to the Electra Mining Africa Exhibition, that he had met with President Jacob Zuma concerning the Mineral and Petroleum Resources Development Act Amendment Bill and was “certain that the President will make an... 

MPRDA Amendment Bill announcement imminent - Ramatlhodi
Mineral Resources Minister Ngoako Ramatlhodi

Eskom passing its pressures on to gold producers – Pan African

By: Martin Creamer State electricity utility Eskom is passing its power-interruption pressures on to midtier gold producers like Pan African Resources, which lost 11 days to both planned and unplanned Eskom power outages in the 12 months to June 30. “Eskom is under pressure and it’s passing that pressure on to us... 

Eskom passing its pressures on to gold producers – Pan African
Photo by Duane Daws
Pan African CEO Ron Holding

Sasol repositions itself for gas-based future 

By: Terence Creamer South African energy and chemicals group Sasol has “strategically repositioned” itself over the past three years to focus on gas-based opportunities in Southern Africa and North America, having moved away from coal-to-liquids opportunities in China, Indonesia, India and South Africa. The... 

Sasol repositions itself for gas-based future
Photo by Duane Daws
Bernard Klingenberg

Sasol expects R4bn in restructuring savings, sans ‘forced’ job cuts

By: Terence Creamer Sasol CEO David Constable announced on Monday that the group expected to deliver sustainable savings of more than R4-billion a year from 2016 as a result of a far-reaching business performance enhancement programme. The savings figure was a material improvement on the R3-billion initially... 

Sasol expects R4bn in restructuring savings, sans ‘forced’ job cuts
Photo by Duane Daws
David Constable
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