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Initial reserve estimate confirms Nezhda viability – Polymetal

By: Mariaan Webb     13th November 2017 LSE-listed gold and silver miner Polymetal on Monday published an initial ore reserve estimate for the Nezhdaninskoye (Nezhda) gold deposit, in Yakutia, reaffirming the project’s economic viability. Nezhda, which is the fourth largest gold deposit in Russia, is estimated to have an openpit ore... 

Ncondezi signs non-binding agreement to develop Mozambique project

By: Anine Kilian     9th November 2017 Aim-listed solar energy equipment supplier Ncondezi Energy has signed a non-binding offer (NBO) with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa to develop, construct and operate the integrated Ncondezi 300 MW coal-fired power project and openpit coal... 

Arconic sinks on earnings miss; appoints former GE boss as CEO

By: Henry Lazenby     23rd October 2017 The New York-listed equity of alloy metals specialist Arconic dipped on Monday after the company reported disappointing third-quarter results. The New York-headquartered company revealed a headline profit of $132-million, or $0.25 a share, compared with $137-million in the comparable quarter of... 

Ncondezi enters into negotiations with GE, CMEC for mine development

By: Natasha Odendaal     20th October 2017 Aim-listed Ncondezi Energy has entered into negotiations with China Machinery Engineering Corporation (CMEC) and General Electric (GE) South Africa for the development, construction and operation of the integrated Ncondezi 300 MW coal-fired power project and openpit coal mine, in Tete,... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

Kibo wins GE innovation award for Mbeya

By: Natasha Odendaal     8th September 2017 Aim- and AltX-listed Kibo Mining has been awarded the General Electric (GE) Innovative Project Development Deal of the Year 2017 for its Mbeya coal-to-power project, in Tanzania. The award was presented to the company in New York on Thursday. 

Humidity, moisture sensors see growth

     8th September 2017 The need for optimal safety, high yield and combustion value to ensure process integrity is spurring double-digit growth and adoption of humidity and moisture sensors in various industries, including the mining and minerals processing industry, states market research company Frost & Sullivan.  

Simulators to facilitate training on new mining equipment

By: Simone Liedtke     18th August 2017 Tertiary education institution the Canadian Collège Communautaire du Nouveau-Brunswick (CCNB) plans to initially offer two mining programmes through its newly launched Mine Training Centre in September, after taking delivery of six military-grade Cybermine simulators in March. 

Bentley Civil Design Software Powers Denmark’s First High-speed Rail Project

     4th August 2017 Gita Mohshizadeh, CAD Manager, Banedanmark Banedanmark Delivers Buildable, Traceable Design and Achieves 9.3 Percent Lower Tenders Using Bentley’s Comprehensive 3D Modeling Applications 

Transnet insists bond appetite remains as it again lowers capex forecast 

By: Terence Creamer     3rd July 2017 State-owned logistics group Transnet has sought to refute reports that demand for its bonds had collapsed following the recent downgrades to South Africa’s credit rating, insisting that appetite for its bonds remains strong both domestically and internationally. CFO Garry Pita said the reports... 

Transnet appoints Werksmans to probe locomotive corruption claims  

By: Terence Creamer     3rd July 2017 State-owned freight logistics utility Transnet reports that Werksmans Attorneys has been appointed to oversee a board-level probe into allegations of corruption relating to its purchase of locomotives from China South Rail (CSR). Opposition party the Economic Freedom Fighters (EFF) recently laid... 

Dingo reduces downtime with Trakka

     22nd June 2017 Dingo’s Trakka™, the industry leading predictive maintenance software, helps maintenance teams reduce operating costs by maximising the life of major components and increasing availability through the reduction of unplanned failures.    It provides an easy and cost-effective way to run a... 

M&R a co-applicant with GE in dispute with Eskom over Duvha contract

By: Terence Creamer     26th April 2017 Murray & Roberts (M&R) has confirmed that it is a co-applicant with GE’s in court bid to prevent Eskom from implementing a contract with Dongfang Electric Corporation for the Duvha Unit 3 boiler recovery project. The 600 MW boiler was damaged catastrophically in March 2014 as a result of over... 

South32, GE sign three-year digital transformation deal

By: Esmarie Swanepoel     10th April 2017 Diversified miner South32 has struck a three-year strategic partnership with New York-listed GE to assist in the company’s digital transformation. South32 said in a statement on Monday that it will use GE’s Predix platform, designed to connect industrial equipment, data analysis and instant... 

Power & Electricity World Africa 2017

     9th March 2017 Africa’s largest power and electricity show - Power & Electricity World Africa 2017 celebrates its 20th anniversary. The show welcomes over 7000 attendees and hosts a mecca of solution providers spanning 3 halls and thousands of square meters. Taking place in Johannesburg South Africa, this is a... 

DIGITAL TWINNING

By: Martin Creamer     3rd February 2017 Transnet CEO Siyabonga Gama (left) and GE CEO Jeff Immelt (right) are seen at the Gordon Institute of Business Science, where they spelt out their joint realigning of strategies towards digitisation, which they see as a driver of major growth on the African continent. GE has repositioned itself... 

Digitisation momentum building up to boost mine productivity

By: Martin Creamer     3rd February 2017 The word ‘digitisation’ is on the lips of many at conferences and universities these days, with many outlining the notion of the total connectivity bringing significant productivity gains. Step one is said to be vertically integrating the supply chain from the mine stope to the boardroom and step... 

Digital mining gaining traction – EY 

By: Martin Creamer     30th January 2017 The tempo of mine modernisation – the coming together of mechanisation, digitisation and behavioural change – is on the up as mining companies pursue what is seen as the next productivity step change. With several companies having already mechanised, a growing number are now looking to digitise... 

Wits, Chinese university in partnership to boost research

By: David Oliveira     20th January 2017 The University of the Witwatersrand (Wits) and the China University of Mining and Technology (CUMT) established the Joint International Research Laboratory of China–Africa Mining Geospatial Informatics in November last year at a ceremony in Xuzhou, China, to further the mining research of the two... 

Kibo receives integrated draft financial model for MCPP

By: Anine Kilian     1st December 2016 Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based... 

Kibo, GE sign collaboration agreement

By: Anine Kilian     21st November 2016 Tanzania-focused mineral exploration and development company Kibo Mining has signed a collaboration agreement with General Electric International (GE), which will supply equipment, technology and services to the Mbeya coal-to-power project (MCPP) power plant. GE will also assist Kibo in... 

‘Blood gold’ in US cars, phones funds Marxist rebel armies

By: Bloomberg     16th November 2016 Deep in the jungles of Colombia, thousands of small, illegal mining operations, many under the control of Marxist guerrillas or drug traffickers, are working long hours to pull gold out of the ground. Miners are digging in out-of-the-way places such as Timbiquí and Río Quito. From there, the gold... 

Kibo receives final commercial bids for Mbeya project

By: Anine Kilian     1st November 2016 The final commercial bids for Kibo Mining’s Mbeya coal-to-power project’s (MCPP’s) engineering, procurement and construction (EPC) and original-equipment manufacturer (OEM) contracts were received from Sepco III and General Electric (GE) on October 31, the Tanzania-focused company announced... 

Kibo, Sepco agree development refund for MCPP

By: Natasha Odendaal     13th October 2016 Aim- and AltX-listed Kibo Mining and Chinese firm Sepco III have agreed that $10.94-million is a fair reflection of the Mbeya coal-to-power project (MCPP) development costs over the past four years. Upon the financial close of the MCPP, Sepco III will refund Kibo some 50%, or $5.49-million, of... 

Potential gains of ‘industrial Internet’ emphasised

By: Nadine James     23rd September 2016 Mining companies continue to face volatile commodity prices and challenging economic conditions, primarily due to lacklustre global demand, but the industrial Internet could be the solution, states diversified conglomerate General Electric’s (GE’s) mining solutions division, GE Mining. GE... 

Informative sessions on the cards

     23rd September 2016 To provide attendees with new and relevant information pertaining to the various trends, influences and realities of today’s mining industry, MINExpo International will host 20 education sessions, as well as an opening session panel discussion. 

Kibo appoints Absa as Mbeya Project’s financial adviser

By: African News Agency      22nd September 2016 Kibo Mining on Thursday said it had signed an advisory engagement letter with Absa Bank laying out the scope of work and terms under which it will act as financial advisor on the Mbeya Coal to Power Project (MCPP). Kibo is developing a 250 MW to 350 MW mouth-of-mine thermal power station in its... 

Nautilus pushes Solwara 1 production out by 12 months, revises work programme

By: Henry Lazenby     16th September 2016 Cash-strapped marine mining pioneer Nautilus Minerals has pushed out the start of production from the offshore Papua New Guinea (PNG) Solwara 1 project by about 12 months from the original schedule, citing a cash crunch. In providing an update on company activities Friday, CEO Mike Johnston... 

Kibo shares rise as its signs MoU with GE

By: Anine Kilian     16th September 2016 Kibo Mining's share price on the JSE and LSE rose by about 12% on Friday morning after it announced that it had signed a memorandum of understanding (MOU) with US multinational conglomerate General Electric (GE). GE and its subsidiaries will supply equipment, technology and services to the power... 

Komatsu’s 363 tonne capacity 980E-4: its largest-ever haul truck

     24th August 2016 Komatsu Australia has announced the release of the 980E-4 electric-drive haul truck – its largest-ever – with a payload capacity of 363 tonnes (400 US tons). Power for the 980E-4 comes from a Komatsu SSDA18V170 Tier 2 engine, rated at 2611 kW which in combination with its GE Mining dual IGBT... 

GE aiming to change coal narrative with high-efficiency power solutions 

By: Terence Creamer     26th July 2016 Technology group GE is beginning to actively make the case for clean coal, having concluded that coal-fired generation will remain a major, albeit relatively smaller, part of the future electricity mix in many parts of the world. GE Power global sales and marketing leader for steam power systems,... 

New pump range for hard to pump slurries

     10th June 2016 Rokflo (Pty) Ltd is the exclusive distributor for the Southern Cross Pentair SX Solids pumps range and equipment in Africa. Darryl Macdougall, managing director of Rokflo (Pty) Ltd, says: 'There are numerous pumping problems and site conditions that require a reliable, robust, efficient and... 

Energy sector gets ARC funding

By: Esmarie Swanepoel     18th April 2016 The competitiveness of Australia’s oil and gas sector has been given a boost with federal funding for research. The Australian Research Council (ARC) on Monday announced that it would spend A$4.9-million and A$4.5-million respectively to fund the ARC Research Hub for Offshore Floating Facilities... 

New diamond mine inaugurated in Angola

By: Keith Campbell     15th April 2016 Angola’s newest diamond mining operation, the Tcheji Mining Company, had its operation formally inaugurated on April 4. The project involved an initial investment of some $15-million and the mine has an initial production capacity of 3 000 carats a month. However, with the completion of a new... 

Digitisation could boost South Africa’s power performance – GE Power chief 

By: Terence Creamer     14th April 2016 The uptime and efficiency of South Africa’s existing power stations could be substantially improved through the integration of new digital software solutions and data analytics, the global president and CEO of GE Power asserts. Speaking to Engineering News Online during a visit to South Africa,... 

Enriching Tanzania: Local Engineers Attend GE Oil & Gas University

     4th March 2016 Like many African countries,  Tanzania has no shortage of supply of natural oil and gas. However, there is  a shortage of skills and experience in this sector within Tanzania. To  address this, multinational companies like GE are working hard to empower  local people by building valuable skills,... 

The Big Picture: Here’s What GE Will Look Like In 2016

     19th February 2016 GE released its fourth-quarter results two weeks ago, capping a pivotal year when the company sold much of its lending business and embraced software to become the world’s largest digital-industrial company. The company also improved its operations, growing revenue at a faster clip than peers and... 

Being worlds apart doesn't mean there isn't room

     15th February 2016 Dover, the capital city of the north eastern US state Delaware, would not be categorised as a large city if it was in Nigeria. In fact, Dover’s total area of 22.7 square miles is a mere five per cent of the total area of Lagos and its population of 37,000 is just 0.2 per cent of Lagos’s population. 

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