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Gowest aims to unlock refractory gold potential of legendary Timmins Camp

By: Henry Lazenby     14th November 2017 Little-known exploration and development company Gowest Gold is preparing to become the newest gold producer in the legendary Timmins Gold Camp, which, since its discovery in the early 1900s, has produced almost half of all the gold mined in Canada. The TSX-V-listed company is moving its North... 

Uranium miner Cameco not planning more output cuts 'right now' – CEO

By: Reuters     10th November 2017 Canada's Cameco is not planning further cuts to uranium output "right now," but has the option of lowering production again without jeopardizing supply contracts, its chief executive said on Thursday. Cameco will suspend production for ten months at McArthur River, Saskatchewan - the world's... 

Surviving on $3/oz has Lonmin in race against time

By: Bloomberg     9th November 2017 Every day, Lonmin sends thousands of miners hundreds of meters below ground, where they use drills, diggers and explosives to extract about 40 000 metric tons of rock laden with precious metals. The ore is milled, crushed, concentrated, smelted and refined in a month-long process that eventually... 

Bitcoin rally is eroding gold's appeal, top online vaulter says

By: Bloomberg     7th November 2017 Add bitcoin to the list of things denting gold’s appeal. Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge... 

Rwanda President sees growth accelerating on banking, mining

By: Bloomberg     3rd November 2017 Rwandan economic growth is expected to accelerate this year and next as the outlook for industries including financial services, tourism and mining improves, President Paul Kagame said. The pace of expansion is expected to increase to 7% next year from about 6% this year, Kagame said Thursday in... 

British Columbia govt digs in against Canadian oil

By: Henry Lazenby     3rd November 2017 The British Columbia provincial government has reiterated its opposition against the flow of oil over its soil. While proponents for Kinder Morgan's Trans Mountain Expansion project have argued that the expansion of Canada's ability to reach new markets in Asia needs to be designated as a... 

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... 

Contango lists in London with plan to buy mining assets

By: Reuters     1st November 2017 Contango Holdings listed on London's stock market on Wednesday, with a plan to buy resources assets. The company is the seventh new London listing in the sector this year. 

Cooke underground closes but 1 640 Beatrix jobs saved – Sibanye

By: Martin Creamer     1st November 2017 The underground mining operations at the Cooke 1, 2 and 3 gold mining shafts on the West Rand have been placed on care and maintenance resulting in the retrenchment of 2 025 employees, in addition to the 1 350 who took voluntary separation packages, precious metals mining company... 

KGHM chief sees high copper prices boosting earnings this year

By: Reuters     25th October 2017 Poland's KGHM, one of the world's biggest copper and silver producers, will likely improve core earnings this year as high copper prices and output from its mines offset smelter troubles, CEO Radoslaw Domagalski-Labedzki said. Speaking ahead of quarterly earnings due on November 14, the CEO told... 

Alumina shortages to increase as Chinese crackdown bites

By: Reuters     20th October 2017 Shortages of alumina, the raw material for producing aluminium, may become more severe in the coming months as an environmental crackdown in China is due to shut capacity, forcing smelters to scramble for supplies and pushing up prices. Alumina prices have already shot up 73% since May and... 

Atlas Copco

     20th October 2017 A world-leading provider of sustainable productivity solutions, Atlas Copco is characterised by focused businesses, a global presence with direct sales and service, a strong, stable and growing service business, professional people and an asset-light and flexible manufacturing setup. “We are... 

A century and a half later, major mining opportunities continue to beckon

By: Martin Creamer     20th October 2017 With this year marking the 150th anniversary of South Africa’s diamond business, one would imagine that the country has been completely explored and that the country should be looking to an end being brought to this pioneering industry. But this is not so. In an interview with Mining Weekly, the... 

Niger must halt job cuts at Areva's uranium mine, group says

By: Bloomberg     18th October 2017 Activists in Niger urged President Mahamadou Issoufou to negotiate with Areva SA after the French company said it will cut 200 jobs at one of its uranium mines in the West African nation to adjust to lower prices for the nuclear fuel. “It’s absolutely untrue that the only solution is to lay off... 

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Australia needs to double exploration efforts to maintain gold output

By: Esmarie Swanepoel     16th October 2017 Gold production from the world’s second-largest producer of the precious metal, Australia, is expected to halve over the next four decades, as the number of operating mines is forecast to fall sharply. A study by mining economists MinEx Consulting forecasts that Australia’s gold production will... 

Eskom must implement ‘aggressive’ cost cutting, EIUG says as it urges Nersa to reject 19.9% hike

By: Terence Creamer     14th October 2017 Eskom’s application for a 19.9% tariff hike from April 1, 2018, is unacceptable and will result in the partial or full closure of plant capacity and increase unemployment, the Energy Intensive Users Group (EIUG) states in a written submission to the National Energy Regulator of South Africa... 

Gold Road finds new exploration ground

By: Esmarie Swanepoel     10th October 2017 ASX-listed gold developer Gold Road Resources has signed to earn-in joint venture (JV) agreements with Cygnus Gold over exploration tenements in south-west Western Australia. Under the terms of the agreement, Gold Road could earn a 75% interest in the Wadderin and Lake Grace greenfield... 

Vereeniging operation offers new milling, crushing solutions  

By: Tasneem Bulbulia     6th October 2017 In line with global industrial equipment company Metsos commitment to innovation, its Vereeniging operation is offering two solutions that are new to the African crushing and milling industries. 

Company offers alternative to conventional splicing

     6th October 2017 A current trend in the conveyors industry with regard to splicing procedures is to avoid the use of hazardous substances wherever possible, says technical solutions provider BMG.  

Company investing in new tech despite challenging market

By: Tasneem Bulbulia     6th October 2017 Mining solutions provider Harcliff Mining Services has installed a German-made Hӧfler Rapid 2000 cylindrical gear grinding machine at its manufacturing facility in Gauteng, South Africa. The machine, bought from Switzerland-headquartered Swiss-German gear technology company Klingelnberg Group was... 

BofAML updates mined commodity price forecasts as Chinese policies prop up prices

By: Henry Lazenby     4th October 2017 The Global Research team at the Bank of America Merrill Lynch (BofAML) has updated its price forecasts for mined commodities, saying on Wednesday that its prior price outlook had been too bearish for cyclical raw materials, while the near-term outlook for gold and silver looks less bullish than... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Stornoway upbeat on possible solution to lower Renard diamond breakage

By: Henry Lazenby     2nd October 2017 Ongoing diamond breakage in the Renard process plant is reducing the proportion of larger diamonds available for sale and dimming revenue prospects for Quebec-focused miner Stornoway Diamond Corp, at a time when market sentiment for Renard’s precious gems is on the rise. However, president, CEO... 

BLSA statement misleading, says Transnet

By: Anine Kilian     28th September 2017 State-owned Transnet on Thursday said Business Leadership South Africa’s (BLSA’s) statement claiming that it had suspended Transnet’s membership is inaccurate and misleading.    Transnet explained that BLSA had approached it earlier this year to consider renewing its membership for this year but... 

Merkel may have promised too much in carbon pollution fight

By: Bloomberg     28th September 2017 As German Chancellor Angela Merkel embarks on coalition talks to bed down her fourth term in office, a promise made shortly before her re-election may come back to haunt her. At least that’s the view of nine analysts and researchers from Berlin to London who all say her target of reducing carbon... 

Integration of Gemfields realising cost benefits – Pallinghurst

By: Martin Creamer     26th September 2017 The integration of Gemfields is beginning to realise cost benefits, Pallinghurst reported on Tuesday when it reiterated its transformation into a long-life operating mining company from being a former closed-end investment vehicle. In presenting half-year results of the company on Tuesday,... 

Mining's biggest mystery is what Agarwal plans to do with Anglo

By: Bloomberg     21st September 2017 As Anglo American’s board met at the lavish Vergelegen wine estate in South Africa yesterday evening as part of a 100-year celebration, executives were blindsided by news headlines: Indian mining tycoon Anil Agarwal was becoming the biggest shareholder. After Anglo’s managers partied to honor the... 

Market Report: How carbon is shaping energy for mines

By: Creamer Media Reporter      20th September 2017 By Catherine Skrzypinski, Energy and Mines Alongside power security and cutting energy costs, reducing the emissions intensity of mining operations has been elevated to a top strategic concern for the global mining sector. The combination of carbon pricing in key mining markets and increased... 

Fleet Renewal Puts Burma Plant Hire At Cutting Edge

     18th September 2017 A restructuring and fleet renewal programme at Cape Town-based Burma Plant Hire has put the company on track for further growth in the construction, mining and other sectors. Significantly, the company is a Level 2 contributor to BBBEE. In addition to its traditional base load work in the... 

Rand Transmission Company South Africa

     15th September 2017 Having started operating in May 2015, Rand Transmission Company South Africa’s (RTC SA’s) mission is to be importers and suppliers of superior quality power transmission products at affordable prices. RTC SA is backed with the highest levels of service and technical support to various project... 

Nitrogen generator offers Zambian mines extended tyre life

By: Simone Liedtke     15th September 2017 There are several opencast mines on the Copperbelt in Zambia using large haul trucks to transport ore from the pit for crushing and processing, and extending the life of tyres plays a significant role in cutting costs and improving production, says on-site nitrogen gas generator supplier NitraLife. 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Metminco gets go-ahead for underground ops

By: Esmarie Swanepoel     14th September 2017 Dual-listed Metminco has received approval from the Colombian environmental agency in the Department of Risaralda, to conduct underground development at its Miraflores gold project. The development approval will allow the company to expose the previously defined ore zones on multiple levels, up... 

Campaign for more diamond ads wins support from India's gem hub

By: Bloomberg     14th September 2017 The push for bigger diamond advertising campaigns and marketing to wealthy millennials has won support from a key part of the industry: India’s manufacturers and retailers. India’s Gem & Jewellery Export Promotion Council, which represents almost 6 000 diamond companies, has agreed to contribute... 

China sends one of the West's most critical materials soaring

By: Bloomberg     11th September 2017 The price of one of the most critical materials for the Western world’s economy and defenses is spiking faster than any major commodity. Tungsten, used to harden steel in ballistic missiles and in drill bits, has surged more than 50% in the last two months amid growing concern about supply... 

Myriad of opportunities in Zim’s mining sector

     8th September 2017 Zimbabwe is poised for growth and, with the country committed to ensuring a sustainable growth path, there are a host of investment opportunities in the mining industry to be capitalised on. This is according to the investment promotion body Zimbabwe Investment Authority‘s Invest in Zimbabwe... 

Company’s solutions address minerals processing inefficiencies

By: Marleny Arnoldi     8th September 2017 To address water contamination in the minerals processing sector, processing specialist Multotec is installing its CleanTeQ ion-exchange system, which is designed for the removal of soluble elements from process water, at operations in Oman and soon in the Democratic Republic of Congo.  

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