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IronRidge defines large gold targets in Chad

By: Anine Kilian     16th August 2018 Aim-listed IronRidge Resources has defined at least five large, coherent gold targets at its Dorothe project, in Chat. Drill results received defined targets over 500 m to 1.2 km strike length and 100 m to 200 m widths from trenching; with targets still open along strike. 

Glencore-Merafe venture’s H1 ferrochrome output decreases as production costs rise

By: Simone Liedtke     6th August 2018 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe chrome venture for the six months ended June 30, decreased by 2.3% to 211 000 t, with production for the period equivalent to an installed capacity utilisation of 88%. Total production costs per tonne of... 

Caterpillar raises 2018 profit outlook, beats quarterly estimates

By: Reuters     30th July 2018 Caterpillar on Monday upgraded its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by robust global demand for its equipment. The Deerfield, Illinois-based company reported an adjusted profit of $2.97 a share in the second... 

Nacala corridor transaction reaffirms ‘Africa open for business’

By: Simone Liedtke     30th July 2018 Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised... 

TFR to spend R90m on yearly manganese line shutdown

By: Creamer Media Reporter      26th July 2018 Transnet Freight Rail (TFR) is set to spend about R90-million on its yearly, large-scale maintenance shutdown on the manganese rail line from August 2 to 8.  The railway line, which spans across three provinces – the Eastern Cape, the Northern Cape and the Free State – will be undergoing... 

Kumba ‘very bullish’ on exploration prospects 

By: Martin Creamer     25th July 2018 Iron-ore mining and marketing company Kumba Iron Ore is bullish about its R664-million exploration programme, that has funded more than 200 000 m of drilling. "We’re very bullish and very excited,” Kumba Iron Ore technical and projects head Glen Mc Gavigan commented to Mining Weekly Online during... 

Transnet signs manganese capacity allocation contract with Assmang

By: Anine Kilian     25th July 2018 State-owned Transnet has signed a seven-and-a-half-year Manganese Export Capacity Allocation (MECA2) contract with Assmang as part of its strategy to secure 95% of manganese volumes on rail. The contract, which will see the transportation of export manganese from pit to port, offers Assmang, the... 

Premium prices being paid for Kumba’s quality iron-ore 

By: Martin Creamer     24th July 2018 China’s flight to quality iron-ore is benefiting South Africa’s Kumba Iron Ore, which is receiving strong price premiums for high-grade ore.  Two thirds of Kumba ore is lump ore compared with the third or less of its main competitors. 

Angolan railway company cuts transport costs for quarriers

By: Rebecca Campbell     20th July 2018 The management of the Moçâmedes Railway (Caminho-de-Ferro de Moçâmedes or CFM) in Angola has concluded an agreement with granite and marble producers in its area of operation, to cut its charges for carrying the ornamental rocks (also known as dimension stones or decorative stones) from the... 

Kumba lowers FY sales, production guidance

By: Marleny Arnoldi     19th July 2018 JSE-listed Kumba Iron Ore is working closely with State-owned freight utility Transnet to secure the delivery of the contractual capacity and to mitigate derailments that affected the company’s export sales in the second quarter of the year. The company’s export sales increased by only 1% to... 

Platina finds site for Owendale plant

By: Esmarie Swanepoel     12th July 2018 ASX-listed Platina Resources has signed a lease for the site of its proposed Owendale scandium processing facility, in New South Wales. The site, a former abattoir, is some 70 km from the mine site and has road system capable of handling the trucks that will be used to transport ore from the... 

Transnet to operate inland manganese terminal

By: Marleny Arnoldi     10th July 2018 State-owned freight utility Transnet’s Port Terminals operating division has taken over operations at an inland terminal for the loading and handling of manganese at Lohatlha, in the Northern Cape.  

COAL TO THE WORLD, GROWTH TO THE NATION:

By: Martin Creamer     6th July 2018 The private-sector-owned Richards Bay Coal Terminal, which opened in 1976 with an original capacity of 12 million tons a year, 42 years later has a design capacity of 91-million tons a year – 10-million tons more than the State-owned Transnet Freight Rail is currently able to deliver. In a... 

Transnet prepares for annual coal line shutdown

By: Anine Kilian     27th June 2018 Plans are at an advanced stage for State-owned Transnet Freight Rail to embark on its annual shutdown of the coal export line, which is scheduled to take place from July 2 to 11. “The shutdown is an annual exercise carried out around this time to ensure that the company tackles its maintenance... 

Asia's thermal coal demand poised to grow

By: Esmarie Swanepoel     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

Danakali CEO resigns; Colluli offtake agreement signed

By: Esmarie Swanepoel     14th June 2018 Potash developer Danakali has reported the resignation of CEO Danny Goeman. Goeman has accepted an offer from a leading Perth-based mining company and is expected to leave Danakali on August 3. He joined Danakali in 2016 as head of marketing, before assuming the role of CEO in 2017.  

Pembridge, Japanese trading house enter into $30m offtake financing arrangement

By: Simone Liedtke     11th June 2018 LSE-listed Pembridge Resources has signed definitive heads of terms with a global Japanese trading house to receive $30-million in prepayment financing through an offtake financing agreement for 125 000 t of copper concentrate to be produced at the Minto copper/gold/silver mine, in Canada. The... 

TFR’s MMC business unit to conduct national maintenance in June

By: Marleny Arnoldi     6th June 2018 Transnet Freight Rail’s (TFR’s) Mineral Mining and Chrome (MMC) business unit, which is responsible for yearly planned maintenance where major capital replacement activities are implemented, will hold its financial year shutdown from June 7 to 13.  

Mining, industrial contracts for ELB in SA and abroad

By: Nadine James     1st June 2018 ELB Engineering Services (ELB) announced last week that it had been awarded the drying system for the M.V. Grand Banks life extension project for marine mining company De Beers Marine. Additionally, the company noted that it had completed train loading station (TLS) and stacker projects for the... 

Miners expect to weather one-day Canadian Pacific rail worker strike

By: Henry Lazenby     31st May 2018 A one-day strike by Canadian Pacific (CP) Railway engineers and conductors is not expected to have a lasting impact on Canada’s mining operations, the Mining Association of Canada (MAC) said on Wednesday. Members of Teamsters Canada Rail Conference (TCRC) downed tools on Tuesday night following... 

Palaszczuk to reassure Japan about coal exports amid Aurizon curbs

By: Esmarie Swanepoel     29th May 2018 Queensland Premier Annastacia Palaszczuk has moved to allay the fears of Japanese coal buyers, ahead of a diplomatic visit to the region, as a fight between freight operator Aurizon, the state’s competition body and coal miners continued. Aurizon has previously warned that it would cut some... 

ELB Continues To Provide Know How Solutions To Multiple Sectors

24th May 2018 ELB announces the award of Debmarine-M.V. Grand Banks and completes Assmang’s Black Rock Projects, the Sack Tipping Unit for Unilever Nigeria and Colleen Bawn Clinker Loading in Zimbabwe ELB Engineering Services (ELB) is pleased to announce that it has been awarded the drying system for the M.V.... 

Soaring coal royalties give Qld infrastructure spending a boost

By: Esmarie Swanepoel     22nd May 2018 Queensland coal royalties would soar to a record A$3.7-billion in the 2018 financial year, the Queensland Resources Council (QRC) predicted on Tuesday. QRC CEO Ian Macfarlane said the A$536-million increase on the government’s previous royalty estimates would allow the state government to... 

India allows power producers to switch coal linkages

By: Ajoy K Das     21st May 2018 The Indian government has announced that private thermal power companies will be allowed to switch coal supply linkages from one coal company to another, but electricity producers are not sure that the move will deliver industry-wide benefits. Based on recommendations of an interMinisterial... 

Atlas flags up to A$100m impairment on lower grades, higher costs

By: Esmarie Swanepoel     17th May 2018 Iron-ore miner Atlas Iron has warned of a A$75-million to A$100-million noncash impairment charge for 2018, as iron-ore grades declined and costs increased. Atlas on Thursday told shareholders that it remained on track to ship between nine-million and ten-million tonnes of iron-ore during the... 

Aurizon warns miners of train cuts

By: Esmarie Swanepoel     16th May 2018 Freight operator Aurizon has reportedly advised Queensland coal companies that it would ‘dramatically cut’ train movements on the Goonyella system of the Central Queensland Coal Network (CQCN). The Goonyella system connects several of Queensland’s largest metallurgical coal suppliers to the port... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

Transnet, Tshipi é Ntle sign long-term manganese contract

By: Simone Liedtke     11th May 2018 State-owned Transnet has signed the second long-term agreement under its Manganese Export Capacity Allocation (Meca) programme, which seeks to integrate a number of export manganese contracts. The seven-and-a-half-year contract with manganese miner Tshipi é Ntle will result in 2.1-million tonnes... 

Careful process consideration, augmentation delays Elandsfontein phosphate mine

By: Marleny Arnoldi     9th May 2018 Investment company African Rainbow Capital on Wednesday announced delays to its 25%-owned Elandsfontein phosphate mine.  

Amur says Kun-Manie’s projected nickel costs below industry average

By: Creamer Media Reporter      2nd May 2018 An in-house estimate has found that the Kun-Manie nickel/copper sulphide project, in Russia’s Far East, would be among the top ten lowest-cost nickel operations globally, owner Amur Minerals reported on Wednesday. Based on mining a potential 73-million tonnes of ore, containing 400 000 t of... 

Captive Canadian miners decry minister’s move on Bill C-49

By: Henry Lazenby     30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... 

Aspire hopes to finalise rail FS

By: Esmarie Swanepoel     13th April 2018 Coal developer Aspire Mining and its rail subsidiary Northern Railways have entered into a memorandum of understanding (MoU) with China Gezhouba Group International Engineering Company (CGGC) to advnce the Erdenet to Ovoot rail project. The parties have agreed to work quickly to finalise the... 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Swanepoel     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

Coal India lines up logistics investment to reduce transportation dependency

By: Ajoy K Das     4th April 2018 Starting the new financial year with a shift in focus from coal production to distribution and supplies, State-owned miner Coal India Limited (CIL) will invest $3.08-billion over the next five years to achieve full self-sufficiency in transportation of the dry fuel. Coal Minister Piyush Goyal... 

‘Cyclone Aurizon’ to have double the impact of last year’s Debbie – QRC

By: Esmarie Swanepoel     28th March 2018 The Queensland Resources Council (QRC) on Wednesday warned that freight operator Aurizon’s plans to introduce a revised maintenance plan could reduce coal exports by A$4-billion, and could cut coal royalties by A$500-million a year. Aurizon earlier this month issued an update on the capacity... 

Transnet renews manganese contract with South32

By: Marleny Arnoldi     22nd March 2018 State-owned Transnet and diversified miner South32 on Thursday signed a seven-and-a-half-year manganese export capacity allocation (Meca) contract, allowing for the transportation of 2.6-million tonnes a year of export manganese and realising almost R10.4-billion in total value for Transnet.  

Stringent regulations may impede coal industry growth

By: Donald Makhafola     16th March 2018 While key challenges facing the coal mining industry make the future of coal in South Africa uncertain, when considering the weight of coal in South Africa's energy mix, the coal mining industry is likely to remain an important one, says credit insurer Coface group economist Ruben Nizard. South... 

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