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Resources Watch

By: Creamer Media Reporter Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Sasol is ‘excited' by South Africa’s gas-to-power prospects. ARM declares a dividend despite the copper price blow. And, Kibo says Tanzania’s... 

Schrempp to step down from Sasol board

By: Terence Creamer Energy and chemicals group Sasol has announced that Professor Jürgen Schrempp, who has served on its board for 18 years, will step down as director and lead independent director at its annual general meeting on December 4. Schrempp, who is best know internationally for his role in the... 

Sasol ‘excited’ by South Africa’s gas-to-power prospects

By: Terence Creamer Energy and chemicals group Sasol has again indicated a desire to participate in South Africa’s upcoming gas-to-power programme, confirming on Monday that it had responded to the Department of Energy’s recent request for information and that it was also considering investment options along the... 

Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end

By: Terence Creamer Energy and chemicals group Sasol reported a 17% fall in headline earnings to R49.76/share in the year to June 30, 2015, with a strong operational performance offset by a sharp weakening in market conditions, including a year-on-year oil price decline of 33%. Outgoing President and CEO David... 

Mine of the future, managing coal, manganese terminal

By: Martin Creamer Universities are designing the mines of the future; a call has been made for South Africa to ensure future coal reserves for essential domestic use; and engineering design is imminent for the new Ngqura Manganese Export Terminal 

SA coal reserves must be well managed to ensure industry’s long-term sustainability – researcher

By: Ilan Solomons Coal will remain the primary source of South Africa’s power generation for the foreseeable future; however, the country’s about 60-billion tons of recoverable coal reserves must be optimally used and managed to ensure the country receives maximum benefit from these reserves, states local... 

The indispensable nature of South Africa’s mining industry needs to be widely acknowledged

By: Martin Creamer The modern world would be much the poorer without mining, which is something to be borne in mind as the industry takes huge strain under the collapse of commodity prices. As often outlined by Chamber of Mines of South Africa CEO Roger Baxter, mining and the minerals are integral to society and... 

Fortune Minerals sells remaining Hemlo equipment for $415 000

By: Henry Lazenby Project developer Fortune Minerals has replenished its coffers through the sale of the remaining equipment it salvaged from the Golden Giant mine, at Hemlo, in Ontario. While the equipment was originally meant for use at the proposed Nico gold/cobalt/bismuth/copper development, in the Northwest... 

BHP Billiton announces board changes 

By: Megan van Wyngaardt JSE-listed mining giant BHP Billiton has appointed Anita Frew as independent nonexecutive director, effective September 15, while Carlos Cordeiro, who has served as nonexecutive director since 2005, will retire from the board in November.  Frew had over 18 years’ experience as a director and... 

Weak oil price exacts toll on Sasol’s earnings

By: Terence Creamer South African energy and chemicals group Sasol confirmed on Friday that its earnings for the financial year to June 30, 2015, would be down on the previous year, despite a strong operational performance – the weaker result was largely attributed to the sharp fall in the oil prices during the... 

Pilot refinery testwork confirms positive results

Australian exploration company and emerging strategic metals producer TNG has successfully completed the pilot metallurgical testwork programme for the Tivan downstream refinery of its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory, the company announced last month,... 

Mining boom bolsters explosives, chemicals markets – research firm

By: Megan van Wyngaardt The rapid growth of Africa’s mining industry, and particularly in Central Africa, is being mirrored in the mining explosives and chemicals market, research firm Frost & Sullivan reports. Through new analysis, the firm has found that almost 65% of major and minor mining firms in the region... 

Expert highlights coal projects ‘likely to succeed’

By: Dylan Stewart The four new coal mines being developed by energy and chemical company Sasol are highly likely to succeed as a result of two fundamentals: reserves and market, says mining and project finance evaluator XMP Consulting chairperson Xavier Prevost. 

AECI H1 earnings rise 45% on bulk property sale

By: Megan van Wyngaardt Explosives and specialty chemicals company AECI’s R400-million bulk property sale, in Somerset West, paired with a maintained market share, despite a difficult environment, pushed its headline earnings for the six months to June 30, up 45% to R632-million, compared with R436-million in the first... 

Europe to make proposal on carbon-capture cooperation with South Africa 

By: Terence Creamer European Commission Vice President Maroš Šefčovič plans to follow up his recent visit to South Africa with a firm proposal on how the European Union (EU) and South Africa could cooperate on clean-coal technology and carbon capture and storage (CCS). In an interview with Engineering News Online... 

Process reliability of hydraulic connection technology crucial

The process reliability of hydraulic connection technology is crucial for the effective and economical operation of modern working machinery, says hydraulic coupling technology provider VOSS Fluid. To ensure that systems, which are subject to permanent stress, such as large excavators in mining,... 

Speciality chemicals demand rising

By: David Oliveira An appreciation of the differences in ore characteristics and the need to improve mine tailings are driving demand for speciality chemicals in African mining, says growth consultancy Frost & Sullivan chemicals, materials and food research associate Lloyd Rubaba. He notes that demand for... 

Chrome miner notches up one-million fatality-free shifts

By: Anine Kilian Specialty chemicals company LANXESS recently achieved one-million fatality-free shifts at its Rustenburg chrome mine. The last time this achievement was attained was in November 2012. As a global company whose core business comprises the development, manufacture and sale of plastics, rubber,... 

Rejected mine water plan deprived 7 000 of jobs – Robinson 

By: Martin Creamer The rejection of a still-workable mine water and slimes dam plan at the stricken Grootvlei gold mine on Gauteng’s East Rand deprived 7 000 squatter camp dwellers of employment and set the mine on its downward trajectory, which has arguably ended up as the harshest aspect of the Aurora liquidation... 

New WA regulations ensure strong oversight for shale and tight gas industry – Minister  

By: Esmarie Swanepoel The Australian Petroleum Production and Exploration Association (Appea) on Thursday welcomed the introduction of new resource management regulations in Western Australia, saying it should enhance community confidence in local oil and gas activities. New regulations for the petroleum and... 

Omnia keeping afloat despite tough market conditions

By: Megan van Wyngaardt Despite a tough financial year, marked by weaker performance in its mining division and a flat performance in its chemicals division, owing to a struggling manufacturing sector, JSE-listed chemicals company Omnia achieved a 3% increase in headline earnings a share to R14.65 for the 12 months to... 

Frontier terminates negotiations to buy Gold Ridge project

By: Creamer Media Reporter Junior Frontier Resources has terminated negotiations with GoldRidge Community Investment Limited (GCIL) to acquire 80% of the Gold Ridge project, on the Solomon Islands, the ASX-listed company reported on Monday. Frontier claimed that GCIL had not negotiated in “good faith” or exclusively as... 

Solutions team customises maintenance safety product

By: Dylan Stewart Responding to industry requests, identification solutions manufacturer Brady has introduced customised additions to its Lockout/Tagout system, a product that has the ability to totally cut off any flows of energy into a particular machine, over the past six months. 

Prices weigh heavily on top 40, no work for mining graduates, research revolution urged

By: Martin Creamer Depressed markets rattling top-40 companies, mining graduates are struggling to find jobs; renewed call for mining clusters 

Gantsho to step in as Implats chairperson in October

By: Megan van Wyngaardt JSE-listed platinum miner Impala Platinum (Implats) has appointed Dr Mandla Gantsho as independent nonexecutive chairperson, effective October 21. He would succeed Dr Khotso Mokhele who would step down as director and chairperson at Implats’ annual general meeting. 

Call for jobless mining engineer graduates to spearhead research revolution 

By: Martin Creamer A call was made on Tuesday for the current surfeit of highly trained but jobless South African mining engineering university graduates to be directed towards spearheading a research revolution involving the creation of mining clusters that have agriculture on waste mine land and mineral recovery... 

Companies partner to deliver excellence in bulk

By: Dylan Stewart Supply chain solutions provider Barloworld Logistics and bulk commodities shipping and logistics company LBH Africa formed a strategic partnership in March to offer dry bulk commodity supply chain solutions into and out of Southern Africa. 

Cost-effective, flexible, and sustainable production with the Outotec Hydrometallurgical Precious Metals Process

Modular process enables high direct recoveries with low inventory, has a low environmental impact, and can be adapted for a wide variety of applications. The result of decades of experience and continuous development in precious metals processing technology, the Outotec Hydrometallurgical... 

New evaporation system suitable for AMD

By: David Oliveira Environmental management company I-Cat Environmental Solutions launched its I-Vap 500 water-atomisation evaporator, suitable for corrosive applications such as processing acid mine drainage (AMD), last month. I-Cat technical manager Morné van Wyk tells Mining Weekly that the main fan housing of... 

AECI appoints acting CEO for mining subsidiary

By: Natalie Greve Explosives and specialty chemicals group AECI has appointed Edwin Ludick as acting MD of subsidiary AEL Mining Services, with effect from May 15, until the process to appoint a permanent candidate has been completed. Ludick is a member of the AECI executive committee and an executive of the... 

New Micronutrient Blend for Superior Soil and Wastewater Bioremediation!

Bionetix International a subsidiary of Cortec® Corporation, in the business of manufacturing microbial based bio-products presents MICRO 14, a new special blend of 14 natural ingredients providing various sources of minerals, vitamins and microbial growth elements. This safe and economical... 

Indian group seeks uses for unwanted thermal coal from Mozambique operation

By: Keith Campbell Unable to find customers for the thermal coal it is producing at its Benga mine in the Tete province of Mozambique, Indian company International Coal Ventures Limited (ICVL) has been looking for companies willing to establish chemical and power plants at the mine. These would use the thermal coal... 

Chevron’s Caltex exit has no impact on Australian LNG projects

By: Esmarie Swanepoel US major Chevron has reiterated that its decision to exit the Australian refining industry would have no impact on its focus to deliver big liquefied natural gas (LNG) projects in Western Australia. Chevron, which sold its 50% stake in refiner Caltex Australia for A$4.7-billion on Friday, stated... 

Drug use a growing concern at African mining operations

By: Anine Kilian Health and safety is a key component in the mining sector, ensuring employees are sober and able to handle heavy machinery and equipment. Alcohol testing is mandatory and is further enforced by the Operational Health and Safety Act (OHSA) specifying a zero tolerance approach to alcohol in the... 

Woodmac and Verisk to tie £1.85bn knot

By: Henry Lazenby Data analytics provider Verisk Analytics has signed a definitive agreement to acquire Wood Mackenzie (Woodmac) from Hellman & Friedman and other Woodmac shareholders. The acquisition of Woodmac, a global data analytics and commercial intelligence firm specialising in the energy, chemicals,... 

Sasol working with SA's power 'war room' on gas-importation plan 

By: Terence Creamer Energy and chemicals group Sasol is working with the Eskom War Room on a possible public–private partnership (PPP) to build a floating liquefied natural gas (LNG) facility along the South African coast, which would facilitate the importation of gas to be used by both Eskom and independent power... 

Sasol to cut capex by as much as R22bn as part of ‘lower-for-longer’ oil response plan

By: Terence Creamer Energy and chemicals group Sasol aims to save between R13-billion and R22-billion from “capital portfolio phasing and reductions” over the coming 30 months as part of a larger R30-billion to R50-billion cash-conservation programme launched in response to an expectation of a “lower-for-longer” oil... 

Ressano Garcia’s gas-to-power capacity rises to 400 MW as loop-line is completed

By: Terence Creamer The $200-million ‘loop line 1’ project to expand the capacity of the gas pipeline from Mozambique to South Africa has been completed, the Republic of Mozambique Pipeline Investments Company (Rompco) has confirmed. Rompco is the gas transport joint venture set up in 2004 by JSE-listed energy and... 

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