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Topic

Palladium risks tripping up as prices stampede higher

By: Reuters     17th January 2018 Palladium, the hottest property in the precious metals deck last year, is tipped for a record performance in 2018 even among bearish forecasters, but the metal could become a victim of its own success. The prospect of sharply higher prices could well prompt substitution of the metal for cheaper... 

At Mining Indaba 2018, Caterpillar presents broad range of machines, technology and services to support African mining

     15th January 2018 Caterpillar will present its unmatched range of innovative technologies and services at Mining Indaba, February 5-8 in Cape Town, South Africa. With a focus on optimizing operations, whether surface or underground, large or small, Caterpillar and Cat® dealers are dedicated to working with mining... 

African Tantalum gears mine towards future tantalum deliveries

By: Megan van Wyngaardt     21st December 2017 African Tantalum has sent its third shipment of high-purity tantalum from the Namibia tantalite investment mine (NTI) to its customer, a global North American tantalum consumer and end-user of tantalum ore, with a fourth shipment currently being tested by a third party before being sent. Aftan,... 

Programme to position Ghanaian firms to gain greater share of mineral sector procurement 

By: Tracy Hancock     15th December 2017 Marking a significant point in Ghana’s quest to domesticate the provisions in the Africa Mining Vision (AMV) into its own Country Mining Vision (CMV), the Ghanaian government officially launched its National Suppliers Development Programme (NSDP) in 2 November 2017. The NSDP builds and expands on... 

Avesoro set to acquire $17.1m in heavy mining equipment

By: Natasha Odendaal     12th December 2017 TSX- and Aim-listed Avesoro Resources’ Bea Mountain Mining subsidiary has entered into finance agreements to acquire $17.1-million in heavy mining and additional auxiliary equipment for New Liberty gold mine, in Liberia. The equipment finance facility agreements with Mapa İnşaat ve Ticaret AŞ... 

Environmental permit bodes well for project financing

     8th December 2017 Iron-ore explorer and developer Zanaga Iron Ore Company (ZIOC) expects the environmental permit for its iron-ore project from the Republic of Congo’s ministry of environment to help attract finance to enable the valuable resource to be brought into production. A joint venture with natural... 

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Newmont selects preferred bidder for power at remote Australian mine

By: Creamer Media Reporter      1st December 2017 Gold major Newmont Mining has awarded power generation specialist Zenith Energy preferred bidder status to build, own and operate a 62 MW power station for its Tanami gold mine, which is about 520 km north-west of Alice Springs in the remote Tanami desert of the Northern Territory. The power... 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

Chairlift system to augment safety at Orkney mine

By: Tasneem Bulbulia     1st December 2017 A 180-m-long, footwall-mounted chairlift system will be installed at gold miner Tau Lekoa Gold Mining Company’s mine near Orkney, in the North West, in January to assist the mine with daily operations and enhance its safety. Energy distribution, automation, communication, transportation and roof... 

Tharisa posts record production, profit for full year

By: Megan van Wyngaardt     30th November 2017 JSE- and LSE-listed platinum group metals (PGMs) miner Tharisa Minerals on Thursday posted record results for the year ended September 30, with earnings before interest, taxes, depreciation and amortisation up 168.7% to $115.6-million. This was paired with a 266.7% rise in its headline earnings... 

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

BHP, Goldman hunt for energy fix amid remote banana plantations

By: Bloomberg     27th November 2017 The world’s biggest miner and Wall Street’s top-ranked merger firm are among the high-profile backers of a remote solar project nestled among banana crops in Australia’s far tropical northeast. For BHP Billiton, it’s a chance to unlock renewable technology for the global mining sector. As... 

On-The-Air (24/11/2017) 

By: Martin Creamer     24th November 2017 Turning mine dump sand into gold received a major boost this week when Sibanye and DRDGold joined forces; Sasol this week announced a new growth strategy that shuns its pioneering technologies of turning coal into petrol and gas into diesel; Gold Fields this week became the second mining company... 

Sasol’s new strategy shuns GTL as specialty chemicals emerge as key growth driver

By: Terence Creamer     23rd November 2017 Chemicals and energy group Sasol is preparing to sell several assets, including its Canadian shale gas assets, following an overhaul of its corporate strategy, which eschews any further greenfield gas-to-liquids (GTL) investments in favour of smaller acquisitions and projects of between... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Funding made available to advance Burkina Faso solar project

By: Megan van Wyngaardt     22nd November 2017 The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso. The funding was granted to... 

Mining contributes A$55bn to Qld economy in 2016/17

By: Mia Breytenbach     21st November 2017 The resources sector continues to drive employment and investment in Queensland, having contributed A$55.1-billion to the state’s economy in 2016/17 and supported the equivalent of 282 633 full-time jobs. This is according to the Queensland Resources Council’s (QRC’s) eighth yearly economic... 

WPIC forecasts yet another platinum deficit in 2018

By: Megan van Wyngaardt     21st November 2017 A global platinum deficit of 275 000 oz is expected in 2018, further reducing the availability of above ground stocks of the metal, which have contributed about 2.5-million ounces in the last year, the World Platinum Investment Council (WPIC) said on Monday. “[This] represents the sixth year that... 

Moz Minerals and Energy Minister targets corruption in her department

By: Keith Campbell     17th November 2017 Mozambique’s Mineral Resources and Energy Minister, Letícia Klemens, is considering revising the country’s minerals licencing process, in order to minimise, or even prevent, possible corrupt practices, local media has reported. This was one of the major outcomes of the III Coordinating Council of... 

Fortune to consider higher cobalt output in Nico feasibility report

By: Henry Lazenby     10th November 2017 Project developer Fortune Minerals plans to increase the production rate at its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, by between 20% and 30% in a response to feedback from potential strategic partners, the company announced on Thursday. London,... 

Caterpillar selected to help install solar PV system for Otjikoto

     10th November 2017 Gold producer B2Gold has selected capital equipment giant Caterpillar (Cat) and global industrial company Barloworld to install a solar photovoltaic (PV) system at Otjikoto mine, Namibia, which will provide 7 MW of solar power to the mine. “For many years, B2Gold has relied on dependable,... 

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... 

Palladium surge felt on Chicago streets as thieves plunder cars

By: Bloomberg     27th October 2017 Investors aren’t the only ones who have noticed palladium’s surge this year. To appreciate the impact of the recent jump in prices, one need look no further than the streets of Chicago. A police locale put out a bulletin on October 23 alerting residents to thefts of catalytic converters, vehicle... 

Aggreko commissions 7.4 MW diesel facility to power Yanfolila processing plant

By: Creamer Media Reporter      25th October 2017 Temporary power generation equipment supplier Aggreko has commissioned a 7.4 MW diesel power facility at Aim-listed Hummingbird Resources’ Yanfolila mine, in Mali. The facility will provide power to the mine’s process plant. 

Diesel switch sends rocketing rhodium market to new heights

By: Bloomberg     20th October 2017 Rhodium and ruthenium are having a banner week. Rhodium, mainly used in autocatalysts to curb harmful emissions, is benefiting as more European consumers choose gasoline-powered cars and trucks over diesel, said Jonathan Butler, a precious metals strategist at Mitsubishi Corp. in London. Drivers... 

Bauma CONEXPO AFRICA: numerous industry leaders on board

By: Creamer Media Reporter      20th October 2017 The economic comeback of Sub-Sahara and positive market opportunities in South Africa are reflected in the number of companies that have already signed up for the upcoming bauma CONEXPO AFRICA. The third international trade fair for construction machinery, building material machines, mining... 

Softening demand, unrelenting supply key causes of platinum price weakness

By: Ilan Solomons     20th October 2017 The weakness in platinum prices has been driven primarily by softening fabrication demand fundamentals and a lack of commensurate reductions in supply to offset those weaker demand fundamentals, states New York-based research and consulting firm CPM Group. The company notes that one of the... 

Eskom’s new R174bn grid plan includes R18bn for IPP connections

By: Terence Creamer     19th October 2017 State-owned electricity utility Eskom says all connection costs relating to 27 outstanding renewable-energy projects have been included in its latest Transmission Development Plan (TDP), which covers the ten-year period from 2018 to 2027. The renewable-energy projects were legally procured in... 

‘Digital effectiveness’ tops EY’s 2017/18 risk radar

By: Henry Lazenby     18th October 2017 Professional services firm EY Global has revealed it annual ‘Top 10 business risks facing mining and metals’ report on Tuesday, with new entry ‘digital’ topping the list of most critical risks facing the mining industry in the coming year. This year’s report has seen a reshuffling with digital... 

Palladium tops $1 000 for first time since 2001 on auto catalysts

By: Bloomberg     16th October 2017 Palladium climbed above $1 000 an ounce for the first time since 2001 as demand grows for the metal in pollution-control devices for gasoline-powered vehicles. The metal rose as much as 1% to $1 000.84 on Monday. Prices have advanced 47% this year, outperforming other precious metals, with gold... 

Product tackles inclement conditions, improves productivity

By: Nadine James     13th October 2017 One of the biggest challenges facing the mining industry with regard to its motors, gear drives and belt drives is protection from adverse weather conditions and the resulting ingress of dust and moisture, says pumps manufacturer Australian Pumps, commonly known as Aussie Pumps. “In the Pilbara,... 

High-quality, regular maintenance enables multiple engine overhauls

     13th October 2017 Users of plant equipment driven by diesel engines can look forward to many more years of economical operation if they understand that modern engines are designed for two, three or more ‘new lives’ between overhauls, says specialist diesel engine component remanufacturer Metric Automotive... 

Hybrid solar systems punted as the way forward for sub-Saharan Africa mines

By: Dylan Slater     13th October 2017 Factors such as limited and unreliable energy transmission and distribution grids, across many countries in sub-Saharan Africa, have created a dependency among large industrial and mining houses on diesel and heavy fuel oil (HFO) to provide a reliable energy supply, says renewable-energy... 

Alphamin's Bisie mine on track for 2019 production

By: Natasha Odendaal     12th October 2017 Despite facing significant social, political and geographical challenges, emerging miner Alphamin Resources is on track to deliver on the first large commercial tin mine in the eastern Democratic Republic of Congo (DRC). Against a backdrop of historical political upheaval, rent-seeking, an... 

Pedal to the metal, this Dutch stock may just be revving up

By: Bloomberg     10th October 2017 A near 160% share surge makes AMG Advanced Metallurgical Group the standout performer on the Amsterdam Small Cap Index this year. The rally may just be getting started. The Dutch metals supplier, whose 3% gain last week to €37.57 marked the highest weekly close since 2008, is pulling out all the... 

Vacuum technology for secure conveyance

By: Marleny Arnoldi     6th October 2017 It is often more beneficial to use vacuum technology for material conveyance in mineral and metal processing plants, compared with traditional conveyors, as material is sealed inside an enclosed pipe, preventing potential spillages.  

On-The-Air (29/09/2017) 

By: Yolande Botes     29th September 2017 Mining companies are licking their wounds over being forced to pay twice for mine rehabilitation; With palladium overtaking platinum, the rich north is getting richer and the poor south poorer; and The big South African ferrochrome company, Hernic Ferrochrome, has been placed in business rescue. 

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