R/€ = 16.00 Change: -0.02
R/$ = 13.32 Change: 0.02
Au 1314.44 $/oz Change: 8.01
Pt 956.00 $/oz Change: 8.00


Pan African poised for growth, proposes R185m final dividend

By: Martin Creamer     Updated 1 hour 46 minutes ago Precious metals mining company Pan African, which on Wednesday proposed a R185-million final dividend, reports that it is poised for growth as remedial action regarding its operational challenges in the 12 months to June 30 delivers expected results. The London- and Johannesburg-listed company,... 

Kinross to invest $820m to tread water on production

By: Bloomberg     20th September 2017 Kinross Gold is spending more than $800-million to essentially tread water as – like many miners – it faces a future in which new gold assets are increasingly difficult to find and costly to develop. The Canadian miner said Monday it will move ahead with expansions at mines in Mauritania and... 

Syrah aiming to raise A$110m for Mozambique project

By: Esmarie Swanepoel     19th September 2017 Graphite developer Syrah Resources is hoping to raise A$110-million through a share placement and pro-rata accelerated nonrenounceable entitlement offer to fund the development of its Balama project, in Mozambique, and to provide working capital. The company said on Tuesday that some 7.4-million... 

Kinross to proceed with Tasiast Phase 2, Round Mountain expansion projects

By: Henry Lazenby     18th September 2017 Senior Canadian miner Kinross Gold has revealed that it will spend about a $1-billion on two significant capital growth plans for the Phase 2 expansion of its Tasiast mine, in Mauritania, as well as the Phase W of the Round Mountain mine, in Nevada. “With Phase 2, Tasiast's annual production is... 

Eastplats’ report confirms Barplats reserves, economics

By: Natasha Odendaal     18th September 2017 Eastern Platinum’s (Eastplats’) independent technical report (ITR), chrome mineral reserve estimate and economic assessment on its Barplats Zandfontein UG2 tailings storage facility (TSF), located at Crocodile river mine, has been completed, the dual-listed miner said on Monday. The ITR,... 

Chinese group buys auctioned Mapochs mine

By: Martin Creamer     15th September 2017 The provisionally liquidated Mapochs mine has been sold under the hammer to International Resources Limited (IRL) of China, BiddersChoice MD Pieter Geldenhuys confirmed to Mining Weekly Online on Friday. In February last year, the Evraz Highveld Steel and Vanadium business rescue practitioners... 

Vital raises A$2m to advance Watershed work

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Vital Metals has raised A$2-million through a share placement to progress its Watershed tungsten project, in Queensland. The company will issue 263.9-million new shares, at 75c each, to professional and sophisticated investors, under its current placement capacity. 

Avalon intent to cash in on rapidly rising technology metal demand

By: Henry Lazenby     15th September 2017 A whole new world for lithium demand has aspiring technology metals firm Avalon evaluating its options to cash in on the red-hot industry, with the company patiently advancing three projects in its portfolio that will benefit from higher metals prices. Just this week, new evidence was provided... 

Combination of factors influence pumps’ life cycles

     15th September 2017 It is important to frequently monitor the operation of pumping systems; however, the initial manufacturing of a pump, as well as its installation, are as important, explains South African pumps industry body the South African Pump Manufacturers’ Association (Sapma). 

German companies to display digital solutions for Zambian mines

By: Simone Liedtke     15th September 2017 Nonprofit organisation, the Southern African-German Chamber of Commerce and Industry, is aiming to invite more German companies to Zambia to display digital solutions for mining and Industry 4.0, following the success of its German-Zambian Business Forum. SA-German Chamber Lusaka office head... 

New range of drives available to SA market

     15th September 2017 Electrical solutions provider Magnet Group introduced a new range of variable-speed drives (VSDs) last month, the Altivar Easy 610, which improve equipment performance and reduce operating costs by optimising energy consumption, the company explains. 

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. 

Peristaltic pumps key in war on water wastage

     15th September 2017 Peristaltic pumps use less water, with traditional centrifugal pumps losing efficiency when the slurry has a specific gravity (SG) of 1.3, or 30% solids, or more. Peristaltic pumps can efficiently circulate slurry with SGs of up to 1.6 to 1.8, or up to 80% solid content.  Pumps supplier Verder... 

Peristaltic pumps operating at Zambian mines

By: Simone Liedtke     15th September 2017 Randburg-based industrial equipment supplier Verder Pumps’ Verderflex (VF) 125 peristaltic pump is in operation at mining company Kansanshi Mining’s Zambia-based Kansanshi copper mine and is undergoing testing at two other Zambian mines, as well as mines in the Democratic Republic of Congo.... 

Pumps offer suitable for minimal lubricity

     15th September 2017 Engineering components supplier BMG’s SF series of Steimel lubricant and feed gear pumps, introduced four years ago, is used mainly on oil lubrication systems in mines, steel works, power stations and in general industry. 

Reopening of mines to stabilise employment, improve tax revenues

By: Simone Liedtke     15th September 2017 Zambia Chamber of Mines, and its initiative Mining for Zambia (MFZ), is enthusiastic about the reopening of mining operations in Zambia, which it says will not only result in increased copper production but also translate into stabilised employment levels in the country and improved tax revenues... 

Simulation software helps improve pump system efficiency

By: Victor Moolman     15th September 2017 The Pumpsim pumping simulation software package uses three-dimensional (3D) models that identify the location of weak points in pumps systems and where greater pressure is required to improve efficiency, explains consulting services Chasm Consulting Australia director Craig Stewart. 

Supplier expanding new pump’s footprint in Australian market

     15th September 2017 Heavy-duty pumps solutions company Pump & Abrasion Technologies (PAT) Australia introduced its new Curve range of slurry pumps at the Aimex mining show, in Sydney, to the New South Wales mining community, following the company’s success with the product in South Africa. 

Zambian interest in heavy-duty equipment range

By: Simone Liedtke     15th September 2017 The trommel screens and apron feeders from engineering solutions developer Ireland-based MDS International (MDS) are of particular interest on the Zambian Copperbelt, states bulk materials handling equipment distributor BLT. Designed by MDS for mineral processing and recycling applications, BLT... 

Sizeable limonite find exposes Horizonte to burgeoning EV market

By: Samantha Herbst     14th September 2017 Brazil-focused nickel development company Horizonte Minerals on Thursday reported sizeable limonite mineral resources at its Araguaia nickel project, which exposes the Aim- and TSX-listed company to the fast-growing nickel/cobalt electric vehicle (EV) battery market. Limonite is treated to... 

First sod turned on A$800m Northern gas pipeline

By: Esmarie Swanepoel     14th September 2017 Queensland State Development and Natural Resources and Mines Minister Dr Anthony Lynham has turned the first sod at the A$800-million Northern gas pipeline. The 622-km pipeline, being developed by Jemena, will link Tennant Creek in the Northern Territory to Mount Isa, in Queensland, with first... 

Inca One more than doubles y/y output for July and August

By: Henry Lazenby     13th September 2017 Small-scale Peru-focused gold processor Inca One Gold has reported a 124% year-on-year increase in gold output for the months of July and August combined, it announced on Wednesday. "July and August was another productive period for Chala One and our operations team is to be commended for solid... 

AME BC lauds provincial budget update

By: Creamer Media Reporter      13th September 2017 The Association for Mineral Exploration (AME) has expressed its support of the balanced 2017 budget delivered by British Columbia’s new Finance Minister Carole James. Government, through its budget and policies creates the economic climate central to attracting critical investment in important... 

Moody’s praises South African miners’ restructuring initiatives

By: African News Agency      12th September 2017 Moody’s Investor Relations on Tuesday praised the restructuring initiatives made by South African gold and platinum group metals (PGM) miners in a bid to protect the sustainability and profitability, saying that these were benefiting their credit profiles. In a report on Tuesday, Moody’s vice... 

Emerson metal-seated ball valve protects critical equipment

By: Creamer Media Reporter      11th September 2017 Emerson’s new line of metal-seated ball valves help to improve process efficiency and plant uptime. The Fisher™ Z500 metal-seated ball valves are engineered to withstand higher temperatures, pressures, and more erosive conditions than a standard on/off ball valve, providing increased reliability... 

Improving prices prompt Fortune to aim for bigger, more economic Nico development

By: Henry Lazenby     9th September 2017 With a bird in hand, Canadian project developer Fortune Minerals is considering to up the ante for its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories. The London, Ontario-based company late last month announced that its update of the 2014 feasibility study for... 

Santos to supply ethane gas to Qenos

By: Esmarie Swanepoel     8th September 2017 Oil and gas major Santos and fellow-listed Origin Energy have signed a new agreement with polyethylene producer Qenos to supply ethane gas. Under the terms of the agreement, the two companies will supply an estimated 27 PJ to Qenos for the remainder of 2017 until the end of 2019. 

Lucapa sells more diamonds, eyes second mine

By: Esmarie Swanepoel     8th September 2017 ASX-listed diamond miner Lucapa has reported gross proceeds of $7.4-million from its seventh sale of alluvial diamonds from the Lulo diamond project, in Angola. The company said that it had sold 3 214 ct in the last tender at an average of $2 298/ct. 

Syrah finds buyer for Balama graphite

By: Esmarie Swanepoel     8th September 2017 Graphite developer Syrah Resources has signed an offtake agreement for 30 000 t of graphite from its Balama operation, in Mozambique. The sales agreement with Jixi BTR Graphite Industrial would see the graphite being supplied during the first year of the Balama operation, the company reported on... 

TransCanada seeks 30-day suspension of Energy East, Eastern Mainline project applications

By: Henry Lazenby     8th September 2017 Oil and gas infrastructure company TransCanada said the viability of its Energy East pipeline and Eastern Mainline projects is in doubt after the Canadian National Energy Board (NEB) last month released a broader scope under which the environmental assessments (EAs) for the two projects will be... 

Proper process control components increase processing efficiency

By: Marleny Arnoldi     8th September 2017 With technology and equipment used for mineral processing well established and generally highly automated, slurry control valves manufacturer eDART is focused on the efficient use of energy and the improved reliability of components.  

Western Australia announces new gold royalty, industry disappointed

By: Esmarie Swanepoel     7th September 2017 A tiered royalty rate will be introduced to the Western Australian gold sector from January 1 next year, Treasurer Ben Wyatt announced on Thursday. To assist the government in repairing the state’s finances, a tiered royalty rate will be introduced, determined by the Australian dollar price of... 

Australian gas exports continue to rise

By: Esmarie Swanepoel     6th September 2017 Australia’s natural gas output reached a record 3 770 PJ in 2017, up 27% on the 2016 financial year, energy market analyst EnergyQuest reported on Wednesday. EnergyQuest CEO Dr Graeme Bethune noted that gas production from the east coast was catching up with demand, with liquefied natural gas... 

Acacia enters into gold protection measures

By: Natasha Odendaal     6th September 2017 LSE-listed Acacia Mining has bought put options covering 210 000 oz of gold at a strike price of $1 300/oz as it continues implementing ongoing cash outflow mitigation measures. The group on Wednesday announced that the $3.2-million option provided a minimum price for the majority of the group’s... 

Electra Mining Botswana to showcase latest products and technologies

     6th September 2017 Botswana’s largest mining, industrial and power generation exhibition will be showcasing the latest products and technologies, equipment and machinery, and cutting-edge systems and services when it opens its doors in September. Taking place at the Gabarone Fairgrounds from 12-14 September,... 

Mining starts at Teal Stage 2

By: Esmarie Swanepoel     6th September 2017 Mining at the Stage 2 operation of the Teal gold mine, in Western Australia, has started, following a feasibility study. ASX-listed Intermin Resources said on Wednesday that the feasibility study had found that the project would deliver some 31 000 t of ore, at a grade of 3.1 g/t gold for 3 100... 

Shanta firms up operations and management structures

By: Natasha Odendaal     5th September 2017 Following a business review in the wake of legislative changes in Tanzania, Aim-listed Shanta Gold is optimistic of emerging with a leaner cost structure, an enhanced focus on increased cash generation, greater internal Tanzanian leadership and reduced financial risk. With new initiatives in... 

Vital improves Watershed economics

By: Esmarie Swanepoel     5th September 2017 The share price of tungsten developer Vital Metals jumped by nearly 15% on Tuesday after the company announced that optimisation studies at its Watershed project, in far north Queensland, had boosted the project value. Metallurgical test work optimisation at Watershed has improved tungsten... 

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