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After 130 years cooling comes to the oldest listed mine

     22nd November 2017 As you mine deeper, sooner or later it’s going to get hot. And so it has at Barberton, although it has taken more than a hundred years. BBE Projects have recently commissioned a refrigeration and air cooling system at Barberton Mine’s Fairview Shaft to provide much-needed cooling for the on-going... 

Battery Minerals raises A$20m to fast-track Montepuez, Balama graphite projects

By: Natasha Odendaal     21st November 2017 ASX-listed Battery Minerals has received commitments from institutional, sophisticated and professional investors to raise A$20-million to fund its next phase of growth at its Mozambique-based graphite projects. Some A$19.5-million is being raised through a share placement at 6c and A$500 000... 

Oracle signs project funding MoU with Chinese SoEs

By: Mariaan Webb     21st November 2017 UK energy developer Oracle Power has signed a memorandum of understanding (MoU) with two Chinese State-owned enterprises for the funding of a $1.6-billion lignite coal mine and power station project in Pakistan. The MoU proposes that Sichuan Provincial Investment Group (SCIG) will be the majority... 

AngloGold’s capex project progressing as planned, within budget

By: Mia Breytenbach     17th November 2017 JSE- and New York-listed AngloGold Ashanti says its high-return and low-capital projects in its international portfolio to extend mine lives and improve margins remain on track and within budget. “We expect . . . continued delivery to tight timelines and budgets on our portfolio-improvement... 

US 2.1 Billion mining project runs on Candy

     16th November 2017 The De Beers Group started excavation work on an underground extension to its Venetia Mine in South Africa in 2013. The new development is expected to extend the life of the mine to 2046 and deliver about 96 million carats in diamonds. The US 2.1 billion project is the biggest investment in the... 

Anova starts development at Second Fortune

By: Esmarie Swanepoel     14th November 2017 Junior gold developer Anova Metals has reported the start of mine development at the Second Fortune operation, in Western Australia. Anova, which in June this year merged with fellow-listed Exterra Resources, on Tuesday told shareholders that mining contractor GBF had been mobilised to site and... 

AngloGold achieves strong Q3 performance, on track to meet FY guidance

By: Mia Breytenbach     6th November 2017 Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance.  The free cash flow for the quarter, compared... 

Technology to shift project relations from adversarial to cooperative 

By: Simone Liedtke     3rd November 2017 Fluctuating global commodity demand and prices, as well as escalating geopolitical risks are causing concern among asset owners and investors, and is resulting in capital projects either being postponed or cancelled in the South African mining industry, states specialist business and project... 

Reviewed Central Eyre mine plan speeds up production timetable, cuts capital costs

By: Ilan Solomons     31st October 2017 ASX-listed Iron Road on Tuesday announced that a review of the mine plan of its Central Eyre iron-ore project (CEIP), in South Australia, had identified lower upfront capital requirements and that it had accelerated the project’s ore extraction. The review, conducted by Thiess-RWE, focused on... 

Kefi raises output projections for Tulu Kapi

By: Anine Kilian     31st October 2017 Aim-listed Kefi Minerals has reworked the production plans at its Tulu Kapi gold project, in Ethiopia, with production estimated to expand from 115 000 oz/y to145 000 oz/y. The latest estimates take into consideration the impact of the planned finance structure, reflecting the specifics of the... 

Victor Industrial Equipment

     27th October 2017 Opencast electrical coupler manufacturer and supplier with more than 20 year’s experience, Victor Industrial Equipment (VIE) is able able to offer specific solutions to suit local needs on technical support, international certification, approval and quality of the complete product range along... 

Resgen making progress at Boikarabelo mine, extends CEO’s contract

By: Anine Kilian     26th October 2017 Dual-listed Resource Generation (Resgen) has made demonstrable progress on material contracts and funding for the rail link at its Boikarabelo coal mine in South Africa’s Waterberg region in the three months to September 30. The first credit approval for full funding of the link has been obtained... 

WPG output falls in line with plan to lower costs

By: Esmarie Swanepoel     20th October 2017 Gold miner WPG Resources has reported a decline in production for the September quarter, as the company implemented a new mine and mill plan aimed at reducing all-in sustaining costs (AISC) to about A$1 200/oz by the June quarter of next year. The strategy, which was finalised in May this year,... 

Gascoyne picks miner at Dalgaranga

By: Esmarie Swanepoel     19th October 2017 Gold developer Gascoyne Resources has tapped fellow-listed NRW Holdings as the preferred mining contractor for a A$300-million contract at its flagship Dalgaranga project, in Western Australia. The openpit contract, which is subject to finalising of terms and conditions, will cover four pits... 

Cora Gold appoints drilling contractor for Mali discovery

By: Anine Kilian     17th October 2017 West Africa-focused gold exploration company Cora Gold’s wholly owned subsidiary Cora Gold Mali has entered into a contract with Target Drilling for the supply of aircore (AC), reverse circulation (RC) and diamond core drilling services at its flagship Sanankoro gold discovery in South Mali.  The... 

Rockwell reports Q2 2018 results, excludes breakeven-but-bankrupt South African affiliates

By: Henry Lazenby     17th October 2017 Canadian alluvial diamond miner Rockwell Diamonds, which had its origins within Vancouver-based mining house Hunter Dickenson, has reported a noncash comprehensive income of C$23.2-million for the second quarter ended August 31. The result is based almost entirely on the reversal of foreign... 

Omnia Mining starts production at Xtract’s Manica concession

By: Creamer Media Reporter      12th October 2017 Mining contractor Omnia Mining has started production on the western half of Aim-listed Xtract Resources’ Manica concession, in Mozambique. Earlier this year, Xtract’s subsidiary Explorator signed mining contractor agreements with Omnia and Sino Minerals Investment Company for the exploitation of... 

Highland lifts Q3 output 14.6%

By: Creamer Media Reporter      11th October 2017 Russia-focused gold miner Highland Gold has increased its production by 14.6% year-on-year to 71 767 oz in the third quarter, ensuring that the company remains on track to meet its full-year guidance of 255 000 oz to 265 000 oz. From the Khabarovsk region, production at the Mnogovershinnoye mine... 

Specialist Knowledge Meets Innovation

     10th October 2017 Local Engineering And Construction Company Develops Unique Formwork Solution For Dome Structures Durban-based engineering company, NOVARC, has developed a safe, fast and cost-effective formwork solution for concrete dome structures and reservoirs. 

Tharisa reports best production year

By: Martin Creamer     10th October 2017 Platinum group metals (PGM) and chrome co-producer Tharisa on Tuesday reported a record fourth quarter, which nudged the company to its best yearly production performance to date in the 12 months to September 30. The JSE-listed company, headed by CEO Phoevos Pouroulis, said in a release to... 

Sino starts production at Xtract’s Manica project

By: Anine Kilian     9th October 2017 One of Xtract Resources’ alluvial mining contractors at the Manica concession, in Mozambique, Sino Minerals, has started production on the eastern half of the concession. Xtract’s Mozambique subsidiary Explorator concluded mining contractor agreements for the project with mining contractors Omnia... 

Aspire granted mining lease at Nuurstei

By: Esmarie Swanepoel     9th October 2017 Coal junior Aspire Mining has been granted a mining lease for its Nuurstei coking coal project, in Mongolia. The mining licence from the Mineral Resources Authority of Mongolia provides the ASX-listed company with a minimum 30-year tenure over the licenced area, and will result in Aspire issue... 

New attachment system enhances screening media change-outs

     6th October 2017 Global industrial equipment company Metso is introducing a new attachment system for its Trellex screening media that offers increased productivity and makes media change-outs safer and faster than with traditional systems, the company announced in September. Downtime is costly for screens in... 

First gold pour at new Mali gold mine by year-end

By: Mia Breytenbach     6th October 2017 The ball mill shell has been successfully installed at emerging gold miner Hummingbird Resources’ flagship Yanfolila project, in Mali, which remains on schedule and on budget for the first gold pour by the end of this year. The installation is a significant milestone in progressing the project to... 

McKinsey told Eskom of transparency risk at Trillian Capital

By: Bloomberg     3rd October 2017 Eskom Holdings continued to pay Trillian Capital Partners even after McKinsey & Co warned the South African State power company that it had concerns over transparency at the project development partner. Letters written in March 2016 by McKinsey to Eric Wood, the chief executive officer of... 

Red 5 outlines plans for newly acquired WA gold assets

By: Esmarie Swanepoel     2nd October 2017 ASX-listed Red 5 has joined the rank of Australian gold producers after completing the purchase of the King of the Hills and Darlot gold mines, in Western Australia. The company in August unveiled plans to acquire the Darlot gold mine from South Africa’s Gold Fields for a total consideration of... 

Managing Risk: The Architecture Of Safety At Kal Tire

     27th September 2017 In a bid to support customers’ risk management programs and further enhance tyre industry best practices, Kal Tire is sitting at the table in safety forums with mining leaders from around the world. One of the mining industry’s biggest struggles is, how do we manage risk given that we still need... 

Construction progresses at Hummingbird’s Yanfolila gold project

By: Mia Breytenbach     27th September 2017 The ball mill shell has been successfully installed at Aim-listed Hummingbird Resources’ flagship Yanfolila project, in Mali, which remains on schedule and on budget for the first gold pour by the end of this year. The installation is a significant milestone in progressing the project to... 

Palladium price gains may prompt re-estimation of Monchetundra reserves

By: Mariaan Webb     26th September 2017 The soaring palladium price is boding well for the Monchetundra project, on the Kola Pensinsula of Russia, and has boosted the project’s in-situ value to about $2-billion, project owner Eurasia Mining reports. The company, which is listed on London’s Aim, said on Tuesday that it was considering a... 

Tharisa transitions to owner mining, absorbs 900 contractor personnel

By: Martin Creamer     22nd September 2017 Platinum group metal (PGM) and chrome co-producer Tharisa Minerals on Friday announced the unconditional purchase of mining equipment from MCC Contracts as part of its switch to owner mining, which includes the employment of 900 MCC employees, effective from October 1.  The company, which has... 

Zinc darling Trevali poised for further organic, M&A growth as prices climb

By: Henry Lazenby     22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Minerals processing business bullish about future, despite industry challenges

By: Nica Schreuder     22nd September 2017 Based on substantial growth over the past 12 years, mining and industrial services provider Fraser Alexander’s minerals processing business intends to double its revenue within the next three to five years, says Fraser Alexander minerals processing GM Jaco Scholtz. “We are particularly proud of... 

Construction starts on Pan African’s R1.7bn Elikhulu tailings retreatment project

By: Ilan Solomons     22nd September 2017 Government, trade unions and traditional leadership have heaped praise on South African precious metals miner Pan African Resources for the development of its R1.7-billion Elikhulu tailings retreatment plant (TRP) project, located at the company’s Evander gold mine, in Mpumalanga. Speaking at the... 

Black Butte advances further – Sandfire

By: Esmarie Swanepoel     20th September 2017 ASX-listed Sandfire Resources has overcome another development hurdle at its Black Butte project, in Montana, after it was issued a draft operating permit for the copper project. The Montana Department of Environmental Quality now considers the project to be "complete and compliant" in... 

Rockwell perplexed as BRP opts to place 3 subsidiaries into liquidation, despite possible offer

By: Henry Lazenby     18th September 2017 Canadian alluvial diamond miner Rockwell Diamonds remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen to file a motion in the Kimberley High Court, on Thursday, to place the company's three subsidiaries back in provisional liquidation, when a... 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, the 126 ct D-colour Type IIa... 

Lesotho’s Letšeng mine recovers several 100-ct-plus diamonds, expects trend to continue

By: Ilan Solomons     15th September 2017 The Letšeng diamond mine, in Lesotho, recovered several diamonds larger than 100 ct during the first half of 2017, with LSE-listed diamond miner Gem Diamonds upbeat that this trend will continue for the remainder of the year. These gems include the 114.38 ct Type II, 126 ct D-colour Type IIa,... 

Metro awards Bauxite Hills contract

By: Esmarie Swanepoel     14th September 2017 Bauxite developer Metro Mining has awarded a mining contract at its Bauxite Hills mine, in Queensland, to contractor SAB Mining. Mine construction at Bauxite Hills started in July this year, and mining operations were on schedule to start in April 2018, with Metro saying on Thursday that SAB was... 

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