http://www.miningweekly.com
R/€ = 14.49 Change: 0.01
R/$ = 12.97 Change: -0.04
Au 1266.93 $/oz Change: -0.31
Pt 954.50 $/oz Change: -5.50
 

Topic

Metallica appoints contractor in Qld

By: Esmarie Swanepoel     22nd May 2017 Junior bauxite developer Metallica Minerals has appointed contactor LCR Group to undertake all mining an haulage operations at the Urquhart bauxite project, in far north Queensland. LCR will be responsible for the supply of all mining equipment and personnel, and will perform all short-term... 

No corruption in nuclear negotiations, Eskom chief nuclear officer assures 

By: Kim Cloete     18th May 2017 Eskom’s chief nuclear officer David Nicholls is still firmly committed to the principle that nuclear is the way to go for a sustainable energy future and says he knows of no corruption in negotiations on a deal to procure new nuclear energy capacity. “I’ve been in the middle of this deal for... 

Union workers ratify ArcelorMittal Quebec mine contract

By: Reuters     11th May 2017 Union workers at ArcelorMittal's Mont-Wright iron-ore mine in northern Quebec have ratified a new four-year contract with the steelmaker, the world's largest, the United Steelworkers union said on Thursday. The 2 000 members voted on a contract that maintains the pension plan for all employees... 

Violent protestors demand 1 500 new jobs from struggling Lonmin 

By: Martin Creamer     11th May 2017 Platinum company Lonmin on Thursday expressed deep concern about ongoing violence, damage to property and intimidation of employees by the near-mine Bapo Ba Mogale community, which is demanding 1 000 jobs for its members and 500 cadet positions for its unemployed youth.   The London- and... 

Integrated Pump Rental Blasts Its Way To Success On Copper Mine

     11th May 2017 Integrated Pump Rental, in JV with EC mining, secured the contract to desilt four acid ponds at a copper mine in the DRC. This recent project follows on the successful completion of the cleaning up of two similar dams by the company at the same mine. Managing director of Integrated Pump Rental,... 

AuRico CEO sees 2017 as ‘pivotal’ year

By: Mariaan Webb     5th May 2017 TSX-listed AuRico Metals CEO Chris Richter expects 2017 to be a pivotal year for the company, as it steps up efforts to advance the Kemess Underground project towards a development decision next year. The project, which recently received an environmental-assessment certificate from British... 

Randgold’s best first quarter in five years – Bristow

By: Martin Creamer     4th May 2017 Gold mining company Randgold Resources has recorded substantially higher profit in the three months to March than in the corresponding first-quarter period last year. “This is probably the best quarter-one we’ve had for five years,” Randgold Resources CEO Dr Mark Bristow told Mining Weekly Online... 

Kibali mine on track to increase production, but DRC policies a concern

By: Megan van Wyngaardt     19th April 2017 The underground operation at Randgold Resources’ Kibali gold mine is on track for commissioning to start in the third quarter of this year, which will significantly increase production. The Democratic Republic of Congo- (DRC-) based mine is forecast to deliver around 610 000 oz of gold this year,... 

Diesel tax refund system should be simplified – KPMG

By: Natasha Odendaal     11th April 2017 As the National Treasury and the South African Revenue Service (Sars) work to streamline the current diesel refund system, KPMG believes the development of a more simplified and concise refund framework is needed, particularly in reference to mining sector beneficiaries. The current Sars diesel... 

Nothing off table as Lonmin pursues value in low platinum price environment

By: Martin Creamer     7th April 2017 The tough new circumstance confronting platinum mining companies demands business unusual to cope with the low price environment. “Right now, sustainability is more important than anything,” says Lonmin CEO Ben Magara, who has also assumed direct hands-on COO control of all the operations in... 

Nothing off table as Lonmin pursues value in low platinum price environment

By: Martin Creamer     7th April 2017 The tough new circumstance confronting platinum-mining companies demands business unusual to cope with the low price environment. “Right now, sustainability is more important than anything ,” says Lonmin CEO Ben Magara, who has also assumed direct hands-on COO control of all the operations in... 

Providing strong leadership against backdrop of achievement

By: Martin Creamer     7th April 2017 Full Name: Bennetor Magara Position: CEO of Lonmin since July 1, 2013 

Slag use in building system offers multiple benefits

     31st March 2017 Alternative construction system company Moladi has developed a means of incorporating mine slag into its Moladi mix, offering mining companies a viable method for recycling their waste material and reduced construction costs when developing mine-site accommodation. Moladi founder and CEO Hennie... 

Fungoni springboard for larger-scale projects

By: Tasneem Bulbulia     17th March 2017 Mineral sands company Strandline Resources intends to use the knowledge and experience gained from the development of its Fungoni heavy mineral sands (HMS) project, in Tanzania, and the operation of an active mineral sands mine to springboard the development of a succession of larger-scale... 

La Libertad mine, Nicaragua

By: Sheila Barradas     10th March 2017 A gold mine located about 110 km east of Managua, the capital of Nicaragua. 

More contracts out to tender with commodity price upswing

By: Simone Liedtke     3rd March 2017 With commodities, such as gold and copper, showing positive growth, mining contracting and engineering company Redpath Mining Africa has noted an upswing in contracting work in the African mining sector. Redpath Mining Africa MD Ockert Douglas says this was also the sentiment held by others at... 

Senex commits A$50m to Western Surat gas project

By: Esmarie Swanepoel     21st February 2017 ASX-listed Senex Energy will invest some A$50-million in a 30-well drilling campaign in the Western Surat gas project, marking its first major investment in the project. MD and CEO Ian Davies on Tuesday said the work programme would result in significant gas volumes from drill-ready acreage, with... 

Cameco expects lower revenue for 2017 after market headwinds lead to disappointing 2016 results

By: Henry Lazenby     10th February 2017 Canadian uranium producer Cameco expects 2017 revenue to fall further to between C$1.95-billion and C$2.08-billion, based on currently committed sales volumes being weighed down by a decrease in average realised prices in the uranium segment as a result of lower prices under both fixed and... 

African company one of biggest underground mining contractors

By: Martin Creamer     2nd February 2017 The predominantly Africa-based Murray & Roberts Cementation has served the mining industry for more than a century. Along with Cementation Canada, Cementation USA and RUC Cementation Australia, the Murray & Roberts Underground Mining Platform ranks among the biggest underground mining contracting... 

Cimic inches into Macmahon

By: Esmarie Swanepoel     30th January 2017 Despite failing to impress with its bid, ASX-listed Cimic has increased its shareholding in project house Macmahon to 22.95%. The contracting group last week made a play for Macmahon, offering shareholders A$0.145 a share for all of the shares not already owned in the company. 

JSS eyes R1bn capital raise to fund junior miners

By: Natasha Odendaal     27th January 2017 JSS Empowerment Mining Fund, a new empowerment fund aimed at filling a junior-mining niche funding gap, is targeting a capital raise of R1-billion in two windows this year to fund junior opencast miners to get over the start-up hump and reach profitable operations. The Section 12 J company (in... 

New mining contractor at Botswana diamond mine

By: Martin Creamer     25th January 2017 Mining contracting company Aveng Moolmans is building on its 15-year presence in Botswana with its latest appointment – at Lucara's Karowe diamond mine.  It has been appointed for a six-year period to provide mining services that include all drill, blast, load and haul functions for both ore and... 

Cimic continues on acquisition trail with Macmahon bid

By: Mariaan Webb     24th January 2017 Contracting group Cimic on Tuesday unveiled a planned takeover of Perth-based project house Macmahon, only months after it made a bid for engineering firm UGL. Cimic advised Macmahon shareholders that it intended to offer A$0.145 a share for all the shares that it did not already own in the... 

Cameco stock nosedives on $180m to $220m impairment warning

By: Henry Lazenby     19th January 2017 The NYSE-listed stock of senior Canadian uranium miner Cameco on Wednesday fell 19% to C$10.71 apiece after the company reported late Tuesday that it expects to book impairment charges for the full-year ranging between $180-million and $220-million. In what has been an exceptionally difficult... 

Latin American miners expected to persist with cost-cutting and disinvestment strategies

By: Henry Lazenby     16th December 2016 The end of the commodities supercycle continues to have a dampening effect on several South American economies, especially those that previously relied on high hydrocarbons prices to achieve high rates of growth. As well as hitting government earnings and rates of economic expansion, the... 

Difficult drilling proves rewarding at Koffiefontein

By: Robyn Wilkinson     16th December 2016 Diamond producer Petra Diamonds’ geological team has gained access to the kimberlite deposit between the 60 m level and 72 m level at its Koffiefontein project, in the Free State, owing to diamond drilling services provider Lesedi Drilling and Mining Contracting Company’s assistance in... 

Latin American miners expected to persist with cost-cutting and disinvestment strategies

By: Henry Lazenby     16th December 2016 The end of the commodities super cycle continues to have a dampening effect on several South American economies, especially those that previously relied on high hydrocarbons prices to achieve high rates of growth. As well as hitting government earnings and rates of economic expansion, the... 

Perseus faces tough times at Edikan and Sissingué

By: Esmarie Swanepoel     15th December 2016 Dual-listed gold miner Perseus Mining has lowered its production guidance at the Edikan mine, while pushing back the development schedule for its Sissingué project. ASX- and TSX-listed Perseus, which is headed up by MD and CEO Jeff Quartermaine, told shareholders on Thursday that despite recent... 

Gold beaten down as Fed’s rate-hike countdown enters final hours

By: Bloomberg     14th December 2016 Gold traded near a ten-month low before an interest rate decision from the Federal Reserve, with investors expecting policy makers led by chairperson Janet Yellen to deliver the central bank’s first hike of the year just as US equities power to records. Bullion for immediate delivery was at $1... 

Mexico’s latest energy auction confirms significant international interest in domestic market

By: Henry Lazenby     12th December 2016 Last week's auction of deepwater oil blocks as part of Mexico’ energy reform process was well received by the international market, confirming government’s momentum since 2013 to break State-owned oil firm Pemex’s then 76-year monopoly on the oil sector. On December 5, Mexico’s government awarded... 

Coal demand growth to stall as appetite wanes, according to IEA

By: Natasha Odendaal     12th December 2016 As appetite for other energy sources gain momentum, with the fast growth of renewables and a strong focus on energy efficiency, growth in global coal demand is expected to stall over the next five years, the International Energy Agency’s (IEA’s) latest ‘Medium-term Coal Market’ report shows.... 

Teck, Fort Chipewyan Métis ink participation agreement for Frontier oil sands project

By: Henry Lazenby     8th December 2016 Canadian diversified miner Teck Resources has signed a formal participation agreement with the Fort Chipewyan Métis Local 125, identifying several economic benefits while creating opportunities for meaningful engagement and communication with the indigenous group, as the proposed Frontier oil... 

Kirkland Lake executive appointed CEO of Treasury Metals

By: Henry Lazenby     2nd December 2016 TSX-listed Treasury Metals has appointed former Kirkland Lake Gold executive Chris Stewart president and CEO, effective December 5, the company announced Thursday. Stewart, who has more than 24 years of diversified experience in the mining industry, will lead the company's transition through the... 

Brazil and Australia to drive industry growth

     2nd December 2016 Global iron-ore production growth is set to become stagnant owing to contracting output by high-cost iron-ore producers in China, while output growth in Australia, Brazil and India will remain positive enabled by a pipeline of expansion projects by major miners, notes market researcher BMI... 

Uranium prices continue downward creep as buyers await bargains

By: Henry Lazenby     22nd November 2016 Uranium oxide prices remain under significant pressure as a significant contango persists and falling spot prices are pulling the long-term contract price lower. “There’s a price-off bias. Customers believe if they wait a bit longer they will realise a lower price,” Canadian uranium miner... 

Combined effort resolves benchmark industry contract for WorleyParsons RSA

     18th November 2016 WorleyParsons RSA has been awarded the engineering, procurement and construction management (EPCM) contract for the De Beers Venetia Underground Project, a culmination of more than a year’s joint efforts by Anglo American, De Beers and WorleyParsons to resolve a benchmark industry contract and... 

Silver market sees fourth consecutive y/y shortfall

By: Anine Kilian     17th November 2016 The silver market is expected see a yearly physical deficit of 52.2-million ounces in 2016, marking the fourth consecutive year in which the precious metal has realised an yearly physical shortfall, according to the Thomson Reuters Silver Institute Interim Silver Market Review 2016. While such... 

India sets coal-import deadline for govt-owned power producers

By: Ajoy K Das     4th November 2016 Having already announced a stated policy to reduce coal imports to nil, India has directed government-owned thermal power plants to stop coal imports from April 1. In advisory to thermal power plants owned and operated by federal or provincial government companies, the Coal Ministry has said that... 

First
Prev
1
2 3 4 5 6 7 8 9 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
Close