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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... 

Cameco sees strong Q3 despite new contract price lows

By: Henry Lazenby     3rd November 2016 Uranium miner Cameco has reported a strong third-quarter profit despite spot market and contract prices falling to new lows. As at the end of the September quarter, the average reported spot price was $23.00/lb, down $3.70/lb from the previous quarter. 

Mines turn to off-grid power amid low commodity prices, revenue

By: Simone Liedtke     28th October 2016 More companies are considering the use of an independent power producer (IPP) to meet their mines’ energy needs, as many projects are under pressure to achieve capital savings to weather the current operating environment comprising low commodity prices and diminished revenue streams. 

MICROMINE Founder wins highest individual honour at Australian Mining awards

     24th October 2016 MICROMINE Founder and Director, Graeme Tuder won the Contribution to Mining Award at the Australian Mining Prospect Awards 2016 held at Dultone House in Sydney on Friday evening. Launched in 2004, the Annual Australian Mining Prospect Awards have become the most esteemed and prestigious awards... 

Coal junior aiming to up production to 10Mt, list on JSE 

By: Ilan Solomons     21st October 2016 Mbuyelo Group intends to increase coal production across all its mines to ten-million tons over the next three to five years, from the current production of about six-million tons a year in total. The privately owned mining, logistics, contracting, property and farming enterprise group’s coal... 

Boikarabelo first coal target slips as Resgen aims for March financial close

By: Esmarie Swanepoel     14th October 2016 Dual-listed Resource Generation (Resgen) has pushed back the expected date of first coal production from its Boikarabelo mine in South Africa’s Waterberg region, as talks with potential financiers to secure the best funding package continue. The emerging producer in August entered into a... 

Intermin gets started at Teal

By: Esmarie Swanepoel     11th October 2016 The board of junior Intermin Resources has approved the Stage 1 development of the Teal gold mine, in Western Australia. The development of the Teal project comes after a positive feasibility study earlier this year, which considered the development of a Stage 1 oxide and transitional material.... 

Tanzania-focused mineral sands explorer appoints new leadership

By: Simone Liedtke     7th October 2016 ASX-listed mineral sands exploration company Strandline Resources recently appointed Luke Graham as MD and CEO to lead the company in the execution of strategic development opportunities in Tanzania and Australia. 

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