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HITECH MINING

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Aviation high technology is flying into the South African mining space. South African Institute of Mining and Metallurgy says the mining industry needs a quantum change. And, the State considers Eskom’s ‘comprehensive sustainability plan’.
24th July 2014
 
 
IRON-ORE

Kumba’s cash return to black shareholders

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Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about Kumba Iron Ore subsidiary Sishen Iron Ore Company's R1.8-billion return to its black economically empowered entities.
24th July 2014
 
 
MINING EQUIPMENT

Caterpillar posts higher quarterly profit

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Caterpillar on Thursday reported higher-than-expected second-quarter earnings as a rebound in sales to builders offset a continued slump in the mining sector. The company, the world's largest maker of earth-moving equipment, posted a...
24th July 2014
 
 
IRON

Brazil's Usiminas posts profit short of expectations

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Brazilian steelmaker Usiminas on Thursday reported a lower-than-expected quarterly profit as iron-ore prices fell and flat steel demand faltered. Usinas Siderúrgicas de Minas Gerais, as the company is formally known, posted second-quarter net...
24th July 2014
 
 
OIL & GAS

Minister launches drill operation for first S African offshore deep-water well

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Mineral Resources Minister Advocate Ngoako Ramatlhodi on Thursday officially launched the drill operation for South Africa’s first offshore deep-water well, south of Mossel Bay. The well, which would be operated by petroleum company Total, gave...
24th July 2014
 
 
CORPORATE ACTIVITY

Robust tells shareholders to take no action on Stanhill offer

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The directors of ASX-listed Robust Resources have implored shareholders to take no action regarding an increased takeover bid from Stanhill Capital Partners Holdings, after the firm reported that it had acquired a 19.9% interest in the metals...
24th July 2014
 
 
ENVIRONMENT

Codelco submits changes to Andina project to reduce environmental impact

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World No 1 copper producer Codelco submitted to Chilean environmental authorities changes to its controversial Andina project that it said would reduce the mine's potential impact on nearby glaciers and water supply. State-owned Codelco, which...
25th July 2014
 
 
PLATINUM

Higher PGM prices needed for Aquarius to offset wage hikes – analysts

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Strong operational results and marginal cash cost increases during the quarter ended June 30 had kept Aquarius Platinum broadly cash neutral; however, the platinum group metals (PGM) price basket would need to rise for the dual-listed group to...
24th July 2014
 
 
 
 
 
 
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Aviation hitech flying into South African... Video
Mining needs quantum change – SAIMM Video
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