R/€ = 15.03 Change: 0.00
R/$ = 12.77 Change: 0.00
Au 1329.80 $/oz Change: 40.48
Pt 887.75 $/oz Change: 0.61


On-The-Air (18/05/2018) 

By: Martin Creamer     18th May 2018 The lives of hundreds of thousands of people will be impacted negatively if Lonmin Platinum is forced to close; urgent action is needed to save the company. The short spell of mining hope that South Africa experienced earlier this year have been dashed, Shadow Minerals Minister James Lorimer told... 

Widespread cable theft requires intervention

By: Tasneem Bulbulia     18th May 2018 With the prevalence of cable theft at local mine sites, and the potential health and safety implications this has, it is imperative that companies take a proactive approach and implement preventative measures, asserts industrial equipment supplier Banding and Identification Solutions SA (Banding... 


18th May 2018 Protective workwear manufacturer Sweet-Orr was founded in Wappingers Falls, New York, US, in 1871, with South African operations being established in 1931. More than 140 years on, “We never let you down” remains the company’s motto as it advances its dominant position as a market leader. 

Russia's Alrosa may buy diamond polisher Kristall in 2018 - Finance Ministry

By: Reuters     17th May 2018 Russian diamond miner Alrosa may buy State-owned diamond polisher Kristall in 2018, Russia's Deputy Finance Minister Alexei Moiseev said on Thursday. Alrosa, the world's largest rough diamond producer by output, said previously it was "expedient" for it to buy Kristall when the state-owned... 

Join the conversation about the future of Latin American Mining at Mining Cumbre

17th May 2018 Latin America is an exciting, growing destination for mining investment, development and exploration projects. With an attractive mining environment and geology rich with natural resources, the region is one of the world’s largest producers of iron ore, copper and gold. The LatAm Mining Cumbre is... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Alrosa sees rosy prospects from colourful diamonds

By: Reuters     16th May 2018 Russia's Alrosa, the world's largest diamond producer by output, plans to boost revenue from selling rare, coloured stones where demand is stable, although it is a niche business. Nature gives fancy colours to about one in every 10 000 rough diamonds of gem quality that are mined around the world. 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

Anglo American to spin off unit to encourage platinum demand

By: Reuters     15th May 2018 Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply. A push, particularly in Europe and China, for lower-emission transport... 

Alrosa steps up diamond marketing as miner eyes more cutting

By: Bloomberg     15th May 2018 Alrosa, the world’s largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize. The Russian firm, which typically hasn’t promoted stones outside Russia, last year... 

Budget highlights mining’s fundamental role in Australian economy

By: Esmarie Swanepoel     9th May 2018 The Minerals Council of Australia (MCA) has called for economic reforms to boost investment in the resources sector, after the federal Budget revealed that the industry is accounting for a significant portion of revenue. The MCA’s interim CEO, David Byers, said on Wednesday that the record... 

Global Connections Mean More Solutions From Multotec

7th May 2018 Increased technological collaboration between Multotec and its sister companies in Europe is releasing added value for customers around Africa and beyond, according to Multotec’s vice president screening media, Roy Roche. “While Multotec is well known for a diverse range of screening media... 

Aussie mines cashing in as Chinese enviro crackdown shifts demand to high-grade iron-ore

By: Esmarie Swanepoel     4th May 2018 A renewed focus on environmental reforms and the accelerated restructure of its steel industry has resulted in a shift change in China’s iron-ore demand, with high-grade ores being given preferential treatment over their low-grade counterparts. The Australian Department of Industry, Innovation... 

MQA plans to review and develop 50 learning programmes

By: Donald Makhafola     4th May 2018 The Mining Qualifications Authority (MQA) has set a target to review and develop a total of 50 learning programmes in the 2018/19 financial year to remain at the cutting edge of new technology and skills development in the mining and mineral sector, in line with 2017/18 Sector Skills Plan (SSP).... 

Aussie mines cashing in as Chinese enviro crackdown shifts demand to high-grade iron-ore

By: Esmarie Swanepoel     4th May 2018 A renewed focus on environmental reforms and the accelerated restructure of its steel industry has resulted in a shift change in China’s iron-ore demand, with high-grade ores being given preferential treatment over their low-grade counterparts. The Australian Department of Industry, Innovation... 

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Exciting new mining research thrust 

By: Martin Creamer     27th April 2018 The new Mandela Mining Precinct will be officially opened on May 4 to revitalise and modernise South Africa’s high-potential but struggling mining industry. 

Manufacturing capability to underpin SA’s reindustrialisation 

By: Nadine James     27th April 2018 Mining capital goods industrial cluster, the Mining Equipment Manufacturers of South Africa (MEMSA), funded by its members and the Department of Trade and Industry (the DTI), aims to harness the collective capability of South African capital equipment manufacturers for the development of a world... 

Fuel cell frenzy as cars, plants deploy platinum to protect environment

By: Martin Creamer     26th April 2018 Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for which exceeded expectations, Honda last month launched the new 2018 Clarity fuel cell car, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in... 

Aluminium maker Hydro to miss cost cutting target amid Brazil woes

By: Reuters     25th April 2018 Norwegian aluminium-maker Norsk Hydro will miss its 2018 cost-cutting target as its troubled Brazilian operation continues to work at reduced capacity following a spill in February from a major plant, it said on Wednesday. A regulatory order to cut output from Hydro's Alunorte, the world's... 

Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

By: Henry Lazenby     19th April 2018 UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in the mining, construction and industrial markets. "We are acquiring a high-quality business at the right time, with the market in the early stages of its... 

Poll shows divided British Columbia opinions for/against Kinder Morgan pipeline expansion 

By: Henry Lazenby     18th April 2018 A slim majority of Canadians and British Columbians have come forward in favour of the proposed twinning of Kinder Morgan’s diluted bitumen pipeline connecting Canada’s Alberta oil patch with new markets in the Far East, via the West Coast. A new survey conducted by the nonprofit Angus Reid... 

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

By: Reuters     17th April 2018 Two leaks in a month, a 90-day outage and $58-million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron-ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5-billion, Anglo American was once... 

Orosur implements cost cutting measures, lowers FY production target

By: Marleny Arnoldi     16th April 2018 TSX- and Aim-listed gold producer Orosur Mining on Monday lowered its production guidance to between 27 000 oz and 30 000 oz of gold, down from the initial 30 000 oz target at its San Gregorio (SG) mine, in Uruguay.  

Glencore is losing billionaire allies to Trump's sanctions

By: Bloomberg     12th April 2018 The reach and power of US sanctions are hemming in the world’s largest commodity trader. In just four months, Glencore chief Ivan Glasenberg has lost two of his closest business allies as President Donald Trump’s aggressive foreign policy hits home, forcing him to cut ties with billionaires Oleg... 

Engineering firm to launch raise mining offering for Africa

6th April 2018 Mining contracting and engineering firm Redpath Mining Africa, in partnership with Redpath Mining Australia, is gearing up to launch a new raise mining offering and adding the new Redbore 65 raise drill to its fleet of Raisebore drilling equipment in Africa from the fourth quarter of this year.... 

MoU for development of uranium mining technologies signed

6th April 2018 Canadian uranium mining company Uranium One, Argentina Ministry of Science, Technology and Productive Innovation, and private uranium exploration company UrAmerica Argentina S.A. have signed a memorandum of understanding (MoU) for the development of state-of-the-art uranium mining technologies in... 

ULPs drive innovation for underground mechanisation scheme

By: Donald Makhafola     6th April 2018 The MT3500X/NX and MT950 ultralow-profile (ULP) machines designed and developed by mining equipment and machinery supplier CMTI Group can facilitate mining at lower operating heights and at greater depths, as well as in inaccessible areas, such as remnant pillars and barred panels. "This is the... 

Botswana's power utility lifts tariffs by 10%

By: Reuters     5th April 2018 The Botswana Power Corporation (BPC) said on Thursday it had increased electricity tariffs by 10% as the loss-making utility tries to recover costs. BPC has made operating losses for years due to high import costs, non-performing assets and operational inefficiencies. That has made the company... 

Revitalised demand growth to buttress molybdenum prices

By: Reuters     4th April 2018 Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high. Molybdenum prices at nearly $13/lb are at their highest since 2014, having more than doubled since December 2015. 

Vedanta wins bid to buy bankrupt Electrosteel Steels

By: Reuters     2nd April 2018 Vedanta, the Indian unit of diversified mining group Vedanta Resources, said on Saturday it had won in an auction to acquire bankrupt Electrosteel Steels. The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law, which is aimed at cutting close to... 

Petrol autocatalysts, fuel cells seen driving automotive platinum demand in future

By: Nadine James     30th March 2018 Multidisciplinary research team Afriforesight expects that future platinum demand will rely heavily on the successful uptake of fuel cells as well as petrol autocatalyst manufacturers switching from palladium-based to platinum-based coatings. Afriforesight chief chrome and platinum group metals... 

Goldcorp makes 3 000 oz ‘genesis block’ deposit as first blockchain technology used to store hard assets

By: Henry Lazenby     29th March 2018 Major gold producer Goldcorp has made a 3 000 oz gold deposit into Tradewind Markets’ VaultChain platform, representing a significant milestone for blockchain technology to track and store hard assets. Goldcorp’s deposit reflects the ‘genesis block’ – the first block in a blockchain – and is the... 

Goal driven and competitive South African manufacturing can up the stakes in global competitiveness

28th March 2018 Manufacturing Indaba, the foremost Manufacturing event in sub-Saharan Africa and with its strategic partners, the dti and the Manufacturing Circle has grown exponentially, and now in its 5th year, is considered to be the leading manufacturing business platform. Manufacturing Indaba has relocated... 

Eskom goes to Parliament to argue its case for a higher tariff increase 

By: Kim Cloete     27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Poland's biggest miner PGG expects small rise in 2018 coal output

By: Reuters     27th March 2018 Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017, the company's CEO Tomasz Rogala said on Monday. "I think we will produce more than 30 million tonnes. This could be 30.6-30.7 million," Rogala told reporters. 

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Britain refuses permission for new coal mine in northeast England

By: Reuters     23rd March 2018 The British government has refused to allow a new opencast coal mine to be built in northeastern England, the Minister for Local Government said on Friday. Northumberland County Council agreed last year that developer The Banks Group could extract three-million tonnes of coal by cutting an... 

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