http://www.miningweekly.com
R/€ = 14.37 Change: -0.03
R/$ = 11.66 Change: 0.02
Au 1328.56 $/oz Change: 0.17
Pt 996.00 $/oz Change: -0.51
 

Mining Services News

Tribunal conditionally approves Timrite’s acquisition of mining support bag manufacturer

     21st February 2018 The Competition Tribunal has approved, with conditions, mining support product supplier Timrite’s acquisition of Tufbag’s Mining Bag division. Tufbag’s Mining Bag division and Timrite design and manufacture polypropylene-based mining support (PBMS) bags.   Concerns were raised by the Competition... 

Mongolia says can build power plant to supply Oyu Tolgoi mine

By: Reuters     20th February 2018 Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power. Tensions have mounted between the Mongolian government and its... 

Orion reveals encouraging results from drilling at Prieska project

By: Simone Liedtke     19th February 2018 ASX- and JSE-listed Orion Minerals on Monday announced further encouraging results from drilling at the company's Prieska zinc/copper project, in the Northern Cape. Drill hole OCOD087_D2, drilled on the south-west margin of the NW Trough Target, intersected 14 m of mineralised massive sulphide... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood

By: Nadine James     16th February 2018 Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood. Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched... 

Mining mechanisation could create ‘massive’ employment challenges – Harwood
Photo by Duane Daws
ANTONY HARWOOD Fear of the other could become fear of the robot

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... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Attendees set to return to PDAC 2018 Convention

By: Donald Makhafola     16th February 2018 More than 24 000 attendees, including investors and exhibitors from 130 countries, are expected at industry organisation the Prospectors and Developers Association of Canada's (PDAC's) annual PDAC International Convention, Trade Show and Investors Exchange, in Toronto, Canada, from March 4 to 7.... 

Attendees set to return to  PDAC 2018 Convention
CURRENT TRENDS Thousands of delegates, including exhibitors and investors, are expected at this year's Prospectors & Developers Association of Canada convention

North America’s mining industry eyeing growth

By: Donald Makhafola     16th February 2018 The North American mining sector is earmarked for growth this year, owing to rising commodity prices, despite challenges, which include rising environmental concerns over water use and water source contamination through mining operations, says advisory firm Deloitte Canada Americas mining leader... 

North America’s mining industry  eyeing growth
Photo by Bloomberg
PRICE HIKE BENEFITS Mining in North America is expected to grow because of an increase in the prices of commodities such as gold

Satellite solutions provider targets African mining industry

By: Nadine James     16th February 2018 Over the last 18 months, communications service provider SES Networks has noticed significant demand for connectivity from mining and oil and gas operations, and as a result has tried to grow its foothold within these markets. SES Networks Africa Sales VP Carole Kamaitha explains that the demand... 

There is new energy to ease mining industry conflict – Scholes

By: Mia Breytenbach     16th February 2018 There appears to be new political resolve to mend the relationship between the mining industry and the Department of Mineral Resources, says specialised law firm Malan Scholes director Hulme Scholes. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Thursday, the... 

There is new energy to ease mining industry conflict – Scholes
Photo by Duane Daws
HULME SCHOLES For the first time . . . we will see the trust deficit between the mining industry and department close

Leading aerospace group offering services and products to mining

By: Rebecca Campbell     16th February 2018 European-based aerospace and defence group Airbus used the opportunity presented by the recent 2018 Mining Indaba in Cape Town to present its products and services that are relevant to the international mining industry. Systems originally developed for security and intelligence missions can be... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

‘Digital mine’ solution for local market launched

By: Dylan Slater     16th February 2018 In tandem with the yearly mining investment conference Investing in African Mining Indaba, digital industrial company GE launched its global Digital Mine solution onto the South African market.  

Nico project potentially to start early next year

By: Donald Makhafola     16th February 2018 The two-year construction of the Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, could start in early 2019 on receipt of the project financing and remaining regulatory approvals, which are expected later this year. “The environmental-impact assessment (EIA) approvals... 

Nico project potentially to start early next year
ROBIN GOAD Canadian mining and exploration companies operate in a globally competitive market and are price takers

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     16th February 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

S African foundry aims to expand footprint in North America
Thos Begbie CEO Edwin Dreyer discusses the North America smelting market. Camerawork: Nicholas Boyd.

Pipe for tailings system supplied on schedule 

By: Victor Moolman     16th February 2018 An 840-m-long, high-density polyethylene (HDPE) pipeline was installed in October last year to transport corrosive tailings to a tailings dam at the ore beneficiation plant located close to the underground Morula chrome mine – owned by ferrochrome company Hernic – in Brits, in the North West. 

Pipe for tailings system supplied on schedule
Plasti-Tech managing member Brad Chamont explains the pipe specs and where they have been installed. Camerawork: Nicholas Boyd. Editing: Christo Greyling.

Contract duration key to hybrid-power-for-mines investment case

By: Terence Creamer     15th February 2018 Alignment between a mine’s life and the tenor of a power purchase agreement (PPA) has been held up as the main consideration for those mining operations considering investments into hybrid power solutions, which combine renewable energy and battery storage with gas or diesel generators. Speaking... 

Contract duration key to hybrid-power-for-mines investment case
The hybrid installation at the DeGrussa copper-gold mine in Western Australia

TFR transports record chrome volumes from mines to ports

By: Schalk Burger     14th February 2018 State-owned Transnet Freight Rail (TFR) has transported a record 5.77-million tons of chrome by rail from mines to the ports in the first 47 weeks of the current financial year. This exceeds the 5.75-million tons of chrome transported by rail in the prior financial year. 

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

Zenith signs PPA with Newmont for power supply to Tanami mine

By: Simone Liedtke     14th February 2018 Remote power generation specialist Zenith Energy's wholly-owned subsidiary Zenith Pacific has executed a power purchase agreement (PPA) to build, own and operate a 62 MW power station for gold miner Newmont's Tanami mine, in the Northern Territory. The PPA will come into force upon the... 

Harmony's headline earnings soar, eight die, Moab transferred

By: Martin Creamer     13th February 2018 Harmony Gold on Tuesday reported improved earnings, production, grade and costs in the six months to December 31, but regrettably also eight fatalities. While Mining Weekly Online was engaged in the media conference, the transfer of ownership of Moab Khotsong assets to Harmony became official,... 

Harmony's headline earnings soar, eight die, Moab transferred
Photo by Duane Daws
Harmony Gold CEO Peter Steenkamp

Local PGMs industry at risk, but service provider optimistic 

By: Simone Liedtke     13th February 2018 South Africa – which accounts for about 80% of the global platinum-group metals (PGMs) reserve – is at risk of receiving less valuable foreign exchange, owing to ever-increasing mining costs and the uncertainty created by the socio-political strife on the local platinum belt, states South African... 

Local PGMs industry  at risk, but service  provider optimistic
Foundry and engineering company Thos Begbie CEO Edwin Dreyer and Thos Begbie sales director Piet du Preez discuss platinum-group metals. Camerawork: Nicholas Boyd.

Mitchell Services buys underground coal drilling firm Radco

By: Simone Liedtke     12th February 2018 ASX-listed Mitchell Services has entered into an agreement to acquire 100% of the shares in Radco Technologies and Radco Group (collectively Radco Drilling), for A$5.3-million in cash. The cash consideration purchase price represents about two-times earnings before interest, taxes, depreciation,... 

Connectivity can help PGM mines’ sustainability

By: Simone Liedtke     9th February 2018 Underground connectivity in platinum-group metals (PGMs) operations in South Africa is expected to increase, assisting the struggling sector in predicting failures before they take place, thereby reducing the impact on operations, says mining equipment and services provider Sandvik Mining & Rock... 

Connectivity can  help PGM mines’ sustainability
NEIL MCCOY Greater adoption of underground connectivity is required to develop smart mines in the platinum-group metals mining industry

PGM prices set to decline in 2018, after initial growth

By: Simone Liedtke     9th February 2018 The price of platinum is projected to rise this year to $1 038/oz, then decline to an average price of $862/oz, with palladium expected to reach a high of $1 168/oz and decline to an average price of $948/oz, forecasts 2017 London Bullion Market Association Survey winner Glyn Stevens. 

PGM prices set  to decline in 2018,  after initial growth
Photo by Bloomberg
INITIAL PLATINUM INCREASE The price of platinum is projected to rise this year to $1 038/oz, then decline to an average price of $862/oz

Work persists on S African platinum coin despite initial resistance

By: Simone Liedtke     9th February 2018 This year is shaping up to be another strong year for London-based World Platinum Investment Council’s (WPIC’s) market development efforts, with several new partnerships agreed to and existing agreements flourishing, says WPIC research director Trevor Raymond.  

Work persists on S African platinum coin despite initial resistance
DRIVING FORCE There is increased public and investor awareness of how well-suited fuel cell electric vehicles, such as the comercially available Toyota Mirai, are to support efforts to reduce carbon dioxide emissions

Mining-specific staff recruitment, management app developed

By: Mia Breytenbach     9th February 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... 

Mining-specific staff recruitment,  management app developed
DIGGING IT Through the Digger app mining professionals are informed of available positions globally, directly on their mobile devices

Revival of interest in robotics to increase safety in South African mines

By: Rebecca Campbell     9th February 2018 "There is a renaissance of interest in using robotics in mining in South Africa," affirms Council for Scientific and Industrial Research (CSIR) Materials Science and Manufacturing Operational Unit Mechatronics and Micro Manufacturing (MMM) Competency Area Research Group Leader Peter Bosscha.... 

Revival of interest in robotics to increase safety in South African mines

Abandoned mines punted as potential pumped-storage scheme sites

By: Mia Breytenbach     9th February 2018 Several abandoned mine sites in South Africa and Australia could be sustainably used, particularly in terms of serving as pumped hydro-energy storage sites, says renewable-energy generation and storage provider Genex Power executive director Simon Kidston. Although underground and opencast mine... 

Abandoned mines punted as potential pumped-storage scheme sites
Photo by Genex Power
ENERGY HUB Genex Power is implementing a solar farm and pumped hydro energy storage scheme at the defunct Kidston gold mine in Queensland, Australia

Overlooking TCO costs companies money

By: Paige Müller     9th February 2018 Misconceptions about reducing mining companies’ total cost of ownership (TCO), including those in the platinum-group metals (PGMs) sector, result in reduced equipment life and an increase in overall operating costs, says Stilfontein-based polyurethane-moulded products designer and manufacturer... 

Overlooking TCO costs companies money
POLYURETHANE TECHNOLOGY The new Prothane Industrial Denva pump range which makes use of Polycombo technology has been well received by the market

Mining production output weakened in December – Nedbank

By: Anine Kilian     8th February 2018 Growth in mining production slowed 0.1% year-on-year in December from 6.5% in November, according to a recent report released by Nedbank. The easing was mainly owing to declines in the production of gold, copper, platinum group metals (PGMs) and coal. 

Limpopo roads agency seeks funding from mining sector

By: Megan van Wyngaardt     8th February 2018 Roads Agency Limpopo (RAL) will, on February 16, host a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality. The session is aimed at building cofunding relationships between RAL, the mines and local communities, RAL CEO Maselaganye Matji... 

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... 

Mining firms encouraged to garner greater support from host communities

By: Anine Kilian     7th February 2018 With the global tendency towards more-stringent transparency regulations, mining companies must do more to garner the public’s support in the countries in which they operate. This is according to Deloitte Global’s ‘The future of tax in mining: the evolving global landscape’ report, which explores... 

2018 presents best prospects in a decade for African mining – Standard Bank

By: Anine Kilian     6th February 2018 Sustained commodity price growth and reduced costs are likely to present Africa’s mining sector with the best prospects in over a decade. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank... 

Master Drilling unveils novel mobile tunnel boring system at Indaba

By: Mia Breytenbach     6th February 2018 JSE-listed Master Drilling has launched its new South African-developed mobile tunnel boring system, which is suitable for the excavation of various types of tunnels. Master Drilling executive director Koos Jordaan explained at the unveiling of the system at the Investing in African Mining... 

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... 

Joi Ito to headline #DisruptMining finale

By: Creamer Media Reporter      2nd February 2018 Tech mogul Joi Ito will deliver a keynote address at the #DisruptMining finale on March 4, during the annual Prospectors and Developers Association of Canada (PDAC) Conference, in Toronto. A director of the MIT Media Lab and professor of the Practice of Media, Arts and Sciences at MIT, Ito is an... 

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... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close