http://www.miningweekly.com
R/€ = 16.26 Change: 0.07
R/$ = 14.31 Change: 0.09
Au 1248.27 $/oz Change: 10.23
Pt 791.24 $/oz Change: 6.89
 

Topic

Transnet praised for rapidly restoring stricken Saldanha iron-ore line 

By: Martin Creamer     7th December 2018 State rail transport enterprise Transnet has earned praise by pulling out all the stops to rapidly restore a railway bridge on South Africa’s crucial Sishen–Saldanha iron-ore line. The line came to a halt on November 28 after a truck carrying heavy equipment at excessive height on a public road... 

Mining veteran wants to build a $1bn battery metals giant

By: Bloomberg     1st November 2018 South African mining veteran Brian Menell wants to build a battery material giant to help challenge China’s domination of the nascent industry. It’s still early days for his privately funded company, TechMet, which controls just a handful of assets from Canada to Rwanda. But he’s raising more... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

South African phosphate miner plans London IPO by year-end – CEO

By: Reuters     25th September 2018 South African phosphate miner, Kropz, is on track to list on London's Aim Stock Exchange by the end of the year as it prepares for first production from its main asset in 2019, its chief executive said on Tuesday. Kropz wants to raise cash to pay down debt and further develop its Elandsfontein... 

Investor confidence takes on new hue, South Africa needs to embrace it with vigour

By: Martin Creamer     21st September 2018 Investor confidence is no longer a stand-alone in the South African context, where it includes other key confidences. In delivering 51% higher headline earnings of R4 814-million in the 12 months to June 30 accompanied by a hefty R1.7-billion cumulative dividend payout, African Rainbow Minerals... 

Gold capital, ARM’s growth and Implats’ Zim tax relief make headlines  

14th September 2018 This week Mining Weekly editor Martin Creamer discusses gold mining capital, African Rainbow Minerals’ growth opportunities and Implats working with the Zimbabwean government. 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

African Rainbow Minerals earnings rise, cash mounts, dividend boosted

By: Martin Creamer     7th September 2018 The headline earnings of diversified mining company African Rainbow Minerals (ARM) rose sharply in the 12 months to June 30, when the company generated strong cash flow that has underpinned a boosted cumulative dividend payout of R1.7-billion. Headline earnings increased by 51% to R4 814-million,... 

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Seriti’s Teke awarded Brigadier Stokes Memorial Award

By: Marleny Arnoldi     21st August 2018 The Southern African Institute of Mining and Metallurgy has awarded coal producer Seriti Resources CEO Mike Teke with a Brigadier Stokes Memorial Award for his contribution to the mining industry and his leadership role in society. The platinum medal presented to Teke last week by Seriti’s... 

Cable bolt technology to improve safety

17th August 2018 Mining equipment and services provider Sandvik Mining and Rock Technology continues to set the pace in underground mining with the launch of its rock-reinforcement cable bolter with automated one-hole drilling designed to improve safety and productivity. The Sandvik DS221L will significantly... 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

African Rainbow Minerals, Glencore agree to restructure coal debt

By: Marleny Arnoldi     25th June 2018 Diversified miner African Rainbow Minerals (ARM) on Monday announced that R3.98-billion of debt owed by ARM and its subsidiary ARM Coal to diversified miner Glencore Holdings subsidiary Glencore Operations South Africa (Gosa) as at June 30, 2017, has been restructured on an ARM attributable basis.  

New mechanisms launched to help former mineworkers claim in landmark silicosis case

By: African News Agency      20th June 2018 A new website and a Facebook page was launched on Tuesday in a bid to assist former mineworkers and their dependents who may be entitled to compensation that have made provisions for a Trust Fund to pay mineworkers who contracted silicosis or TB at work. The historic R5 billion settlement was... 

Harmony repays $100m on bridge facility, strengthens balance sheet

By: Simone Liedtke     19th June 2018 Harmony Gold Mining has repaid a further $100-million of the original $200-million bridge loan raised for the acquisition of its recently-acquired Moab Khotsong gold mine, in the North West. “Harmony believes in having a robust and flexible balance sheet that supports its growth ambitions,”... 

On-The-Air (15/06/2018) 

By: Martin Creamer     15th June 2018 Mining companies are going all out to combat the deadly scourge of malaria in Africa in compliance with United Nations wishes. South Africa’s meticulous mineral codes are rapidly emerging as global world beaters. De Beers has concluded a R600-million black economic empowerment deal at... 

Harmony Gold raises R1.05bn to help settle Moab Khotsong loan

By: Marleny Arnoldi     6th June 2018 Gold miner Harmony Gold has raised R1.05-billion, or $82-million, through the placing of 55-million new ordinary shares with existing and new institutional investors at a price of R19.12 apiece.  

Furnaces outperform industry expectations

By: Paige Müller     1st June 2018 Two custom built 81 MVA submerged arc alternating current (AC) furnaces – designed and supplied by South African process and engineering firm Metix to Malaysia-based joint venture smelting facility Sakura Ferroalloys – have outperformed industry expectations since the smelting facility’s... 

Mining, industrial contracts for ELB in SA and abroad

By: Nadine James     1st June 2018 ELB Engineering Services (ELB) announced last week that it had been awarded the drying system for the M.V. Grand Banks life extension project for marine mining company De Beers Marine. Additionally, the company noted that it had completed train loading station (TLS) and stacker projects for the... 

On-The-Air (25/05/2018) 

By: Martin Creamer     25th May 2018 128 years of branding came crashing down this week when the name Chamber of Mines was trashed and replaced with Minerals Council South Africa. With all the talk about new emerging farmers coming on to the land in the future, South Africa needs to step up its mining of phosphates. Certification is... 

Kropz clinches offtake from phosphates project

By: Martin Creamer     21st May 2018 Plant nutrient minerals development company Kropz, which is developing the Elandfontein phosphates mining and processing project in the Western Cape, has secured several offtake agreements ahead of production. The cornerstone offtake agreement, for about a third of its production at market prices... 

Coal miners next to launch lung disease compensation claims

By: Simone Liedtke     4th May 2018 The Southern African Catholic Bishops Conference (SACBC) Justice and Peace Commission and Richard Spoor Attorneys say coal miners are the next in line to seek compensation for occupational lung diseases. "The battle to secure justice for sick miners in South Africa is not over. We are working... 

Lawyer expects to sign gold miners' silicosis settlement Thursday

By: Reuters     2nd May 2018 A lawyer acting for nearly half a million miners who contracted fatal lung diseases silicosis and tuberculosis in mines said an out-of-court settlement was expected to be signed on Thursday with those gold companies implicated in the issue. The High Court in 2016 set the stage for protracted... 

Ultra-intensive investigation needed to expose intentions of brutal Modikwa killers

By: Martin Creamer     13th April 2018 Mineral Resources Minister Gwede Mantashe has correctly called on police to pull out all the stops in their investigation of the horrific killing of six mineworkers and the injuring of 44 others on April 2, when the bus in which 50 Modikwa Platinum Mine employees were travelling was brutally... 

Transport system ready for implementation in new investment cycle

By: Paige Müller     30th March 2018 Negative investor sentiment in the mining sector over the past four years has slowed the local mining industry’s adoption of a new suspended underground mining transportation system, designed by South African transportation system solutions provider Futran Holdings. Futran Holdings, the developer... 

Bewilderment as retention of some Mining Charter III tenets surprises on the downside

By: Martin Creamer     30th March 2018 Confidence that a competitive new Mining Charter will replace the unworkable Mining Charter III is still present in some of the highest echelons of the corporate mining world, despite new Minerals Minister Gwede Mantashe saying that not all of the charter’s generally errant and unworkable third... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

African Rainbow Minerals expects to swing back into the black in H1

By: Megan van Wyngaardt     27th February 2018 Diversified miner African Rainbow Minerals (ARM) expects its earnings a share for the six months to December 31 to improve to between 912c and 930c, compared with the basic loss a share of 134c reported for the six months to December 31, 2016. The prior period's basic loss included a R711-million... 

Mbazima urges immediate dialogue on rail, port expansion

By: Martin Creamer     5th February 2018 South Africa’s ability to revitalise crucial infrastructure, especially rail and port networks, is among the key actions needed to bring investment back into the South African mining industry, Anglo American South Africa deputy chairperson Norman Mbazima said on Monday. Speaking on first day of... 

Bambanani mine, South Africa

By: Sheila Barradas     26th January 2018 A gold mine located 10 km south-east of Welkom, in the Free State. 

SCA postpones silicosis class action hearing

By: Megan van Wyngaardt     10th January 2018 The ongoing silicosis and tuberculosis class action litigation against South African gold miners has been postponed, following a request by representative attorneys to the registrar at the Supreme Court of Appeal (SCA) to do so. The SCA has granted approval for the postponement. The joint letter... 

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

NUM, Solidarity sign three-year wage agreement with Assmang

By: Natasha Odendaal     26th September 2017 Trade unions the National Union of Mineworkers (NUM) and Solidarity have secured a three-year wage agreement with iron-ore and manganese miner Assmang at its operations in the Northern Cape. Assmang, a joint venture between Assore and African Rainbow Minerals, operates the Khumani iron-ore mine,... 

All South Africans need to work together to grow and transform mining

By: Martin Creamer     15th September 2017 Mineral Resources Minister Mosebenzi Zwane makes sure he attends foreign mining conferences but fails to engage stakeholders at home on the realities of his Mining Charter Three, which is a great pity. Unfortunately, he was not challenged at the LatAm Mining Cumbre in Santiago, but thankfully his... 

First
Prev
1
2 3 4 Next Last

Latest News

more

Latest Videos

more

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