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Eskom to buy ‘emergency’ coal, splurge on diesel as load-shedding risk returns

By: Terence Creamer     16th November 2018 South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already... 

BHP blames driver error, brake problem for runaway train wreck

By: Reuters     16th November 2018 BHP said on Friday that driver error caused an iron-ore train to run away without its driver and a brake problem caused the company to intentionally derail the train in order to stop it, according to a preliminary investigation. BHP said its initial findings of the November 5 incident showed the... 

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet

By: News24Wire      16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

Vale holds talks to expand world's biggest openpit iron mine

By: Bloomberg     15th November 2018 Vale is holding talks with Brazilian officials about expanding the world’s largest open pit iron-ore mine to meet growing Chinese demand for the high-grade ore. The Rio de Janeiro-based company recently sat down with regulators to discuss expanding its $14-billion mine located in the Amazon... 

New BC coking coal mine on the cards

By: Creamer Media Reporter      13th November 2018 Publically traded Colonial Coal has announced the outcomes of a preliminary economic assessment (PEA) for a new coking coal mine, near Tumbler Ridge, north-eastern British Columbia. Although preliminary in nature, the PEA shows that the Gordon Creek project has positive economics and that it is... 

Koolyanobbing unaffected by derailment - MinRes

By: Esmarie Iannucci     12th November 2018 ASX-listed Mineral Resources on Monday told shareholders that a train derailment over the weekend was not expected to have a material impact on iron-ore production at the Koolyanobbing project, in Western Australia, or on the company’s shipment schedule. Mineral Resources over the weekend... 

Second Australian iron-ore train derailed in less than a week

By: Bloomberg     11th November 2018 Australia’s iron-ore industry was hit with a second train derailment in a week when 30 empty ore wagons ran off the tracks in the southern part of Western Australia on Sunday. The second derailment happened at 7:30 a.m. Perth time south of Norseman as an ore train returned from the southern... 

Chinese heavy mineral sands project in Mozambique will soon start production

By: Rebecca Campbell     9th November 2018 The start of the exploitation of heavy mineral sands in the Chibuto district, in Mozambique’s south-western province of Gaza, was now a certainty, Mineral Resources and Energy Provincial Director Castro Elias told the Mozambican news agency AIM at the end of last month. It would, he added,... 

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

BHP to meet iron ore commitments despite train derailment-CEO

By: Reuters     8th November 2018 Global miner BHP Billiton will meet its iron ore commitments to customers despite a supply disruption after it had to derail a runaway ore train in Western Australia, CEO Andrew Mackenzie said on Thursday. The miner suspended its rail operations after the incident on Monday that wrecked track... 

Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’

By: Terence Creamer     7th November 2018 Transnet acting CEO Tau Morwe is prioritising the restoration of trust, internally and externally, which he acknowledges has been affected by the “turbulence” associated with recent action taken by the board to tackle corruption and recover money “siphoned” from the State-owned company. However,... 

BHP says Port Hedland stockpile insufficient to cover for derailment

By: Esmarie Iannucci     7th November 2018 Mining giant BHP has warned that iron-ore stockpile reserves at Port Hedland will not be sufficient to cover the entire period of interruption to its rail operations, following an intentional train derailment earlier this week. The miner will be liaising with customers in relation to its... 

Moab Khotsong, Hidden Valley lift Harmony’s Q1 output by 30% y/y

By: Simone Liedtke     6th November 2018 Precious metals miner Harmony Gold’s production increased by 30% to 378 510 oz of gold in its first fiscal quarter ended September 30, compared with the 290 644 oz produced in the first quarter of the prior financial year. The boost in the group’s production and cash flow generation, CEO Peter... 

Runaway iron-ore train derailment will take BHP a week to solve

By: Bloomberg     6th November 2018 BHP Billiton expects to take about a week to recover from the derailment of one of its iron-ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material. The company was forced Monday to derail the train that traveled 92 km... 

Transnet veteran Morwe steps in as acting CEO for next six months

By: Terence Creamer     6th November 2018 Freight logistics group Transnet has appointed Tau Morwe as acting CEO for the six-month period from November 1, 2018, to April 30, 2019. The appointment has been approved by Public Enterprises Minister Pravin Gordhan and follows on from the State-owned company’s decision to dismiss Siyabonga... 

Master Drilling diversifies, expands through new JV in Italy

By: Marleny Arnoldi     5th November 2018 JSE-listed Master Drilling has entered into a joint venture (JV) with Italian construction company Ghella, to establish a new Italy-based company called TunnelPro. TunnelPro will pursue tunnel boring projects in the smaller scope civil construction and broader mining industries, while also... 

BHP's runaway train damaged after 92-km run, Australia starts probe

By: Reuters     5th November 2018 A train loaded with iron ore and operated by BHP Billiton ran away without a driver for 92 km before being forcibly derailed in the early hours of Monday, the company and Australian authorities said. As a result, the world's biggest miner had suspended all Western Australian iron ore rail... 

Commitments for continued spending in South Africa – AngloGold

By: Martin Creamer     5th November 2018 There are commitments for continued spending in South Africa next year related to the Phase 2 development of the Mponeng gold mine, new AngloGold Ashanti CEO Kelvin Dushnisky told Mining Weekly Online on Monday. The proposed Phase 2 expansion of the Mponeng mine in Gauteng involves deepening the... 

On-The-Air (02/11/2018) 

A Russian rail company this week began the rollout of a R500-million railway investment in South Africa. The richest mining companies of the world are now intent on investing heavily to automate mining. Electric vehicles are being earmarked for use in underground mines to promote health and... 

Poor rail service strands Taseko copper

By: Mariaan Webb     2nd November 2018 Base metals miner Taseko increased its copper production by 28% quarter-on-quarter in the three months ended September 30, to 43-million pounds, but rail delays between the mine and the port terminal resulted in only 29-million pounds being shipped off. A total of 18.5-million pounds of copper... 

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