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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,... 

South African company building new smelter in Zimbabwe

By: Victor Moolman     2nd November 2018 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Australian miners embracing automation in quest for improved safety, efficiency

By: Esmarie Iannucci     2nd November 2018 While the phrase ‘automation’ might evoke visions of a Schwarzenegger-esque future in which machines rise up to take over the world, it has come to have a distinctly different connotation in Australia. From drones being used to safely map, survey and explore mining operations to autonomous trains... 

Diamond industry’s confidence in XRT sorting growing

2nd November 2018 X-ray transmission (XRT) technology has ushered in a new era for diamond recovery, with an increasing number of mining companies embracing the technology and scaling back on the use of conventional technologies, such as dense-media separation, for the treatment of middle- and coarse-sized... 

Encana to acquire shale oil producer Newfield for $5.5bn

By: Bloomberg     1st November 2018 After years of slimming down its oil and gas holdings, Canada’s Encana is reversing course with a $5.5-billion acquisition of a US shale producer in what will be the company’s biggest-ever deal. Encana agreed to purchase Newfield Exploration, which will give it positions in the Stack and Scoop... 

Amplats extends Zizwe Batlase contract at Amandelbult Complex

By: Simone Liedtke     31st October 2018 Platinum miner Anglo American Platinum (Amplats) on Wednesday announced that the contract with joint venture (JV) company Zizwe Batlase for the provision of strip-mining services at the Amandelbult Complex has been extended. Zizwe Batlase is 51% owned by the local community of Baphalane through... 

Kirkland Lake positioned for a ‘strong finish’ to 2018

By: Creamer Media Reporter      31st October 2018 Mid-tier gold producer Kirkland Lake is positioned for a strong finish to the year, president and CEO Tony Makuch said on Tuesday, announcing another revision to the company’s production guidance for 2018. The miner, which operates in Canada and Australia, increased its full-year guidance to... 

ELB and NOVATEC forms partnership to combine innovation and new technologies into engineered solutions

By: Creamer Media Reporter      30th October 2018 ELB Engineering Services (Pty) Ltd (ELB) is pleased to announce a partnership agreement between ELB and NOVATEC New Technologies (NOVATEC), based in Labin, Croatia. NOVATEC is a computer engineering, process automation and system integration company and active in the South African market since... 

Battery metal bulls fear China's big disrupter to hit nickel

By: Bloomberg     29th October 2018 Commodity traders expect nickel, the silvery-white metal used to make stainless steel, to be a winner from the electric-vehicle revolution -- it’s a key component of batteries. But a Chinese metals giant with a knack of upending markets is threatening to spoil the party. Tsingshan Holding Group... 

Shake-up at US energy regulator raises specter of coal bailout

By: Bloomberg     26th October 2018 An untimely resignation has given one Kentucky Republican a second shot at saving coal. Neil Chatterjee, former energy adviser to Senate Majority Leader Mitch McConnell, has been tapped to lead the Federal Energy Regulatory Commission after Chairman Kevin McIntyre stepped down this week due to... 

New lease on life for Leeuwpan

26th October 2018 Diversified miner Exxaro Resources’ Leeuwpan opencast coal mine, in Mpumalanga, was at risk of running out of coal, until last month a new road gave it access to coal reserves. “Leeuwpan needed to develop an area where it could mine another 5.1-million tons a year to extend its life by a further... 

China cutting rare earth output, unnerving global manufacturers

By: Reuters     25th October 2018 The Chinese government is limiting domestic production of rare earth minerals in the second half of the year, a move likely to crimp international exports and send prices for the critical materials higher, according to data from Adamas Intelligence. China is by far the world's largest producer... 

Community Development Agreements compulsory for mining in Malawi

By: Creamer Media Reporter      24th October 2018 A new Mining Act anticipated to be promulgated in Malawi this year will make it compulsory for all mining companies to undertake Community Development Agreements (CDAs). Describing it as an “important change,” AECOM Senior Specialist Karien Lotter explains that companies must commit a... 

Strike Energy raises A$13m

By: Esmarie Iannucci     24th October 2018 ASX-listed Strike Energy has received binding commitments from institutional and professional investors to successfully raise A$13-million through a share placement. More than 113-million shares will be issued at a price of 11.5c each under the company’s existing placement capacity. 

Resolute maintains FY guidance despite 'disappointing' Sept quarter

By: Esmarie Iannucci     24th October 2018 Gold miner Resolute Mining has maintained its full year production outlook despite a disappointing September quarter. Gold production in the three months to September reached 55 508 oz, compared with the 74 752 oz poured in the June quarter, while the group’s all-in sustaining costs (AISC)... 

Uranium market's Aramco unveils London IPO despite Trump threat

By: Bloomberg     22nd October 2018 The initial public offering (IPO) of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its... 

Palladium nears record after hedge funds piled in amid shortages

By: Bloomberg     22nd October 2018 Palladium climbed near a record as the US plans to pull out of the nuclear weapons pact with Russia, fueling tensions with one of the largest producers at a time when consumers are already scrambling for supplies. Production will trail consumption by 481 000 ounces this year and deficits will... 

Lonmin undertakes refinancing, delivers on results promise 

By: Simone Liedtke     22nd October 2018 Platinum miner Lonmin has entered into a $200-million metal purchase agreement with Pangaea Investments Management (PIM), an associate company of Jiangxi Copper Company (JCC), which will provide the miner with improved liquidity and remove certain restrictive current lender conditions. Of the... 

De Beers eyes tech markets for synthetic diamonds future 

By: Reuters     19th October 2018 Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

Major equipment for Guinea bauxite project delivered

By: Rebecca Campbell     19th October 2018 United Arab Emirates (UAE) group Emirates Global Aluminium (EGA) has announced that the single biggest piece of equipment for its Boké bauxite project has arrived in the Republic of Guinea, in West Africa. Boké is being developed by EGA subsidiary Guinea Alumina Corporation (GAC). The... 

Conveyor belts are a leading cause of underground fires yet they are avoidable

18th October 2018 This year has proven to be one of the deadliest for mine safety in South Africa since 2012. One of the leading causes of deaths and injury in mines is fire and a large proportion of fires are caused by conveyor belts. Conveyor belts are widely used in mining, both under and above ground. Yet... 

Hudbay investor is said to seek changes to miner's board

By: Bloomberg     17th October 2018 An investor in Hudbay Minerals wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won’t pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter. Waterton Global Resource... 

Renewable energy industry comments on draft IRP

By: Kim Cloete     17th October 2018 The renewable energy sector in South Africa has welcomed the draft Integrated Resource Plant (IRP) 2018, but has also expressed concerns. “While the IRP forecasting is rational in its choices, it unfortunately requires us to accept some overly optimistic assumptions,” said the South African... 

Organisations raise objections to the draft IRP

By: Kim Cloete     17th October 2018 Industry bodies and organisations have welcomed aspects of the draft Integrated Resource Plan 2018 but have also raised concerns during public hearings held in Parliament on Wednesday. They are hoping that their suggestions will be included in a final plan for South Africa’s energy future. 

Endeavour moves forward Ity gold pour

By: Mariaan Webb     17th October 2018 The Ity carbon-in-leach (CIL) gold project that Endeavour Mining’s in-house team is building in Côte d'Ivoire is tracking two months ahead of schedule and will pour its first gold at the beginning of the March 2019 quarter, rather than mid-year, the Canadian firm reported on Wednesday. In a... 

Metal Tiger T3 mine feasibility study ‘progressing well within budget’

By: Simone Liedtke     16th October 2018 The T3 mine feasibility study for Aim-listed strategic natural resource investor Metal Tiger’s joint venture project with ASX-listed MOD Resources in the Kalahari copperbelt, in Botswana, is “progressing well within budget”, and is due for completion in March 2019, Metal Tiger said on Tuesday.... 

Glencore’s Hail Creek restructuring hits 400 jobs

By: Esmarie Iannucci     15th October 2018 Diversified miner Glencore has announced plans to ‘reconfigure’ its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster. The... 

Centerra sells Mongolia mine and project for $35m

By: Mariaan Webb     15th October 2018 Canada-based Centerra Gold has sold its Mongolian business unit to private equity firm OZD Asia for $35-million, in a move that CEO Scott Perry describes as a portfolio enhancement. The company’s Mongolia assets include the Boroo mine and processing plant, as well as the Gatsuurt project. 

Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

Electromechanical drivetrain solution unveiled

By: Paige Müller     12th October 2018 Integrated technological solutions provider Siemens – in partnership with its subsidiary Flender and engineering solutions provider Tech Edge – unveiled a complete electromechanical cable belt conveyor drivetrain solution during a demonstration last month. Siemens, Flender and Tech Edge announced... 

Encouraging results from maiden drill

12th October 2018 The assay results from Australian mineral exploration and development company Strandline Resources maiden air-core (AC) drill programme and the second round of auger drilling at the Bagamoyo (BG) mineral sands project in Tanzania have provided the company with encouraging results. The BG-2... 

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

Transnet tests world’s longest manganese production train

By: Marleny Arnoldi     11th October 2018 Transnet Freight Rail (TFR) has successfully run a 375-wagon manganese train over a distance of 861 km from Sishen to Saldanha Bay. This formed part of the testing of the 4-km-long train, which will, once in operation, be a production train with the highest number of wagons in the world, and the... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

Extending the life of mine beyond its life as a mine

11th October 2018 The last thing on the minds of workers at the oldest-known mine on archaeological record some 43,000 years ago in Swaziland was what their mine might become long after their tools had been put away. Fast forward to today, and the transformation from active mine to mine closure is a C-level... 

Epiroc takes after-market service to the next level

11th October 2018 “When customers invest in our products they do so with peace of mind, resting assured in the knowledge that they can count on the support of a competent team throughout their product’s life cycle – this is Epiroc after-market,” states Floris Timmers, Regional Business Line Manager MRS (Mining &... 

First Cobalt eyes restart of Canadian refinery

By: Esmarie Iannucci     11th October 2018 Dual-listed First Cobalt has undertaken three independent studies to assess restarting its refinery in Ontario, Canada. The First Cobalt refinery was commissioned in 1996, and has a nominal throughput capacity of between 12 t/d and 24 t/d. 

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