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Mantashe calls for more security at mines following Gloria coal mine incident 

By: Simone Liedtke     15th February 2019 Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed. He also called for security at mines to... 

Reatile acquires 37.54% stake in Pragma Holdings

15th February 2019 The Reatile Group, an investment holding company, has acquired a 37.54% stake in Pragma, one of SA’s leading enterprise asset and facilities management companies. This move enhances Pragma’s potential international growth, while accelerating the organisation’s transformation agenda. “I’ve been... 

NT moves to clarify offshore oil, gas industry’s nuclear waste obligations

By: Esmarie Iannucci     15th February 2019 The Northern Territory has passed the Nuclear Waste Transport Storage and Disposal (Prohibition) Amendment Bill, providing the offshore oil and gas industry with a blueprint of their obligations around the management of nuclear waste. The nuclear waste covered by the Bill included naturally... 

Mantashe to visit Glory coal mine where 22 men are still trapped underground

By: News24Wire      15th February 2019 Mineral Resources Minister Gwede Mantashe is expected to pay a visit to the Gloria coal mine near Middelburg, Mpumalanga, where 22 alleged copper thieves have been trapped and are believed dead following an explosion at the beginning of February. A group of 42 men, reportedly Lesotho nationals,... 

Nico project positioned to help meet growing cobalt demand

By: Jessica Oosthuizen     15th February 2019 Development-stage mining company Fortune Minerals’ Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, is one of the few cobalt development stage projects situated outside of the Democratic Republic of Congo (DRC) that can support near-term accelerating demand for cobalt,... 

India hands over national oil company assets to private investors

By: Ajoy K Das     14th February 2019 Finally overruling strident opposition, the Indian government has approved taking away smaller discovered oil and natural gas blocks of its national oil exploration and production (E&P) majors and allocating them to private investors through auctions. The move, criticised by a section in... 

Jemena wins licence for 40 TJ/d gas plant

By: Esmarie Iannucci     13th February 2019 The Queensland government has issued infrastructure provider Jemena a licence to start construction of a domestic-only gas processing plant. The plant is part of Jemena’s A$140-million Atlas gas pipeline project, which will create 150 jobs and connect Project Atlas to the Wallumbilla Gas Hub in... 

Beach more than doubles H1 revenues

By: Esmarie Iannucci     13th February 2019 Oil and gas producer Beach Energy has reported a 147% increase in sales revenue for the first half of 2019, and a 199% increase in underlying net profits after tax. The ASX-listed company on Wednesday announced that sales revenue for the six months to December had reached A$955-million as... 

Mining for coal still has a place in the power mix

12th February 2019 Wayne Lindecke, Director: Power Generation, WSP in Africa During the recent Investing in African Mining Indaba, concerns were noted on the impact that the move towards a ‘greener economy’ would have on coal mining – and, for base-load power production. However, coal mining and power production... 

Cimic wins A$90m APLNG contract

By: Esmarie Iannucci     12th February 2019 Project house Cimic has been awarded a A$90-million gas gathering and infrastructure works contract from the Australian Pacific liquefied natural gas (APLNG) project, in the Surat Basin, in Queensland. The contract is expected to deliver more than 300 coal seam gas wells over a two-year period,... 

CIL lines up capex for renewed thrust on developing CBM assets

By: Ajoy K Das     12th February 2019 Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat... 

Opinion: Are there really more jobs in coal than in renewables? 

By: Tobias Bischof-Niemz     12th February 2019 There is considerable support in South Africa for the notion that a transition in the electricity system from coal to renewable energy will trigger a jobs bloodbath at both Eskom and the Mpumalanga coal mines. A detailed analysis of the job numbers, however, suggests quite the opposite. In fact,... 

First US coal plant in years opens where no options exist

By: Bloomberg     11th February 2019 One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year. That’s how the first coal-fired plant to open in the US since 2015 bucked the trend in an industry that’s seen scores of... 

HCI increases PTM shareholding to 19.89%

By: Simone Liedtke     11th February 2019 Hosken Consolidated Investments (HCI) has acquired, through a private placement undertaken by its subsidiary Deepkloof, over two-million common shares in TSX-listed Platinum Group Metals (PTM) at $1.33 a share, for a total consideration of $2.8-million. This acquisition brings HCI’s total... 

Disgruntled unpaid mineworkers allegedly hampering rescue efforts at Gloria coal mine

By: News24Wire      11th February 2019 The fate of approximately 22 alleged copper thieves trapped underground hangs in the balance as rescue efforts are allegedly being hampered by disgruntled unpaid mineworkers. "They have threatened us and the contractors and they've told us under no circumstances are we allowed to continue [rescue... 

Infrastructure, energy supply continue to hamper DRC mining operations

By: Jessica Oosthuizen     8th February 2019 Infrastructure and energy supply issues continue to hamper mining and processing operations, as well as the broader economy, in the Democratic Republic of Congo (DRC), says international metals and minerals consultancy Roskill director Jack Bedder. Despite the country having significant... 

Total makes significant discovery off South Africa’s southern coast

By: Nadine James     7th February 2019 Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda well encountered 57 m of net gas condensate... 

Lesedi to assist Mozal in its aluminium expansion project

By: Kim Cloete     7th February 2019 South African engineering, procurement and construction (EPC) company Lesedi has recently been awarded a contract to assist South32’s Mozal aluminum plant in its expansion project. The $38-million AP3XLE energy efficiency project was approved in the third quarter of 2017 and started the rollout... 

Death toll rises to six at South Africa coal mine gas explosion

By: News24Wire      7th February 2019 The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot,... 

Sanedi ready to support the mining industry in energy efficiency

By: Kim Cloete     6th February 2019 The mining sector has been encouraged to use more renewable energy and tighten up on energy efficiency, with the support of the South African National Energy Development Institute (Sanedi). Energy Minister Jeff Radebe said the mining industry would need innovative and novel solutions to reduce... 

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

By: Reuters     5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

W advances La Parrilla development, production exceeds 50 t

By: Simone Liedtke     5th February 2019 Aim-listed W Resources on Tuesday announced that it had completed further shipments of tungsten concentrate from its La Parrilla mine, in Spain, where development remained on track as construction of the jig plant advanced towards completion. Following the first shipment, announced in December, W... 

Gold Fields revamps Granny Smith circuits

By: Esmarie Iannucci     5th February 2019 Gold miner Gold Fields will install one of the world’s largest renewable energy microgids at its Granny Smith gold mine, in Western Australia. The miner on Tuesday said that more than 20 000 solar panels and a 2MW/1MWh battery system would be installed at the mine, with the grid to be... 

Coal was Australia’s biggest export earner in 2018

By: Esmarie Iannucci     5th February 2019 New data from the Australian Bureau of Statistics (ABS) has revealed record exports from Australia in 2018, with resources earnings export revenues of some A$248-billion. This was the highest-ever annual export value and accounted for 72% of Australia’s goods exports. 

Eskom warns of R20bn losses this year and next, even after big hikes  

By: Terence Creamer     4th February 2019 State-owned electricity utility Eskom is warning that its loss for 2018/19 will be worse, at R20-billion, than the R15-billion loss it had projected earlier and that it will be followed by another big loss in 2019/20 even if it receives hikes it is currently seeking from the regulator. CFO Calib... 

Mining green shoots sprouting – Minerals Council 

By: Martin Creamer     4th February 2019 Green shoots are sprouting in South Africa’s mining sector, which is readying for new take off, Minerals Council South Africa CEO Roger Baxter said on Monday. In a briefing on the State of the Mining Nation on the sidelines of the opening day of the Investing in African Mining Indaba, Baxter told... 

Technical defects at Medupi and Kusile resulting in serious underperformance  

By: Terence Creamer     1st February 2019 State-owned electricity producer Eskom has offered a sobering update on the difficulties it is having at its Medupi and Kusile coal projects, which are not only years behind schedule and significantly over budget, but are now also beset with technical defects that are resulting in a serious... 

Eskom revises tariff upwards as it unveils shock changes to Nersa submission  

By: Terence Creamer     1st February 2019 Embattled electricity utility Eskom has made shock adjustments to its revenue application currently before the National Energy Regulator of South Africa (Nersa), which, if approved, would translate into tariff increases that are even higher than the 15% a year hikes sought in its initial... 

Japan's Mitsui trims FY profit outlook, to keep stake in Vale

By: Reuters     1st February 2019 Mitsui & Co on Friday cut full-year profit forecast by 2% due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said. With 110 people confirmed dead and another 238 missing, according to... 

Aurora takes an axe to Molopo valuation

By: Esmarie Iannucci     1st February 2019 Aurora Funds Management has again downgraded the valuation of its shareholding in ASX-listed Molopo Energy, following that company’s quarterly results for December. Aurora in September of last year announced that the fair value of its holding in Molopo had been reduced from 3.6c a share to 2.6c... 

Queensland unlocks new land for resource exploration

By: Esmarie Iannucci     1st February 2019 The Queensland government on Friday announced tenders for coal exploration in the Bowen and Surat basins, and for minerals exploration in the North West province. “Unlocking land for resource exploration - whether it is to uncover coal, gas or minerals - is vital to continuing resource... 

SA Hippo in demand for US coal mines

1st February 2019 The HIPPO flameproof, medium/high voltage, submersible slurry pump manufactured by heavy-duty slurry pump manufacturer Hazelton Pumps is regarded as the world leader when pumping acidic liquids containing solids at high heads and high volumes and has been exported to the major mining countries.... 

New tech protects pumps against dry running

1st February 2019 A new type of detection technology from global technology powerhouse Siemens protects centrifugal pumps from dry running in hazardous areas. For this purpose, the corporation has developed special current/voltage detection modules for its Simocode pro motor management system. The principles and... 

Uncertainty set to continue until new legislation becomes practice

By: Paige Müller     1st February 2019 The local regulatory environment governing the mining and minerals sectors has improved significantly over the past year; however, international business and industry law firm Allen & Overy (South Africa) expect industry uncertainty to persist until the new legislative and regulatory ammendements... 

Invest in clean technology to counter the siege on the coal industry, Mantashe implores 

By: Kim Cloete     31st January 2019 The coal industry needs to counter the negative attitude towards the industry by investing in clean coal technology and funding research initiatives to find alternative markets for coal, says Mineral Resources Minister Gwede Mantashe. He told delegates at the opening of the fourteenth annual... 

India receives 145 bids for 25 small oil, natural gas fields at auction

By: Ajoy K Das     31st January 2019 The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural... 

Beach hikes FY production guidance after strong first half

By: Esmarie Iannucci     31st January 2019 Australian oil and gas major Beach Energy has revised its full year production expectations for 2019, after a better-than-expected first half. The ASX-listed company is expecting full-year production to reach between 28-million and 29-million barrels of oil equivalent, up from the previous... 

India to look at mining agreements during Argentine President's visit

By: Ajoy K Das     30th January 2019 India is preparing the groundwork to sign a slew of bilateral agreements with Argentina encompassing nuclear energy, and the mining of copper, lithium and cobalt during the visit of Argentine President Mauricio Marci, next month. The Argentine President will be leading a high-level business... 

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