R/€ = 15.91 Change: -0.26
R/$ = 13.57 Change: -0.14
Au 1267.20 $/oz Change: -0.90
Pt 867.50 $/oz Change: 3.33


Kenya's Centum to finalise power plant funding this year

By: Reuters     13th June 2018 Kenya's Centum Investment Company said on Wednesday a $2-billion, 1 000 MW coal-fired power plant it has a stake in is expected to reach financial close this year. The Amu Power consortium that includes Centum, won a contract to build the plant in Lamu. The project has attracted criticism from... 

Chinalco starts $1.3bn expansion of Peru copper mine

By: Reuters     4th June 2018 Aluminum Corp of China, known as Chinalco, at the weekend said it had started work on a $1.3-billion expansion of its Toromocho copper mine in central Peru. The investment will increase the mine's copper output by 45% by 2020, with the value of production exceeding $2-billion annually, Chinalco... 

Jet engines help power cobalt to 10-year highs

By: Reuters     24th May 2018 The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... 

Lava in lab studies could lead miners to new iron-ore deposits

By: Marleny Arnoldi     12th April 2018 A study on iron-ore deposits has found that some magmas split into two separate liquids – one of which is rich in iron – and could lead to the discovery of new iron-ore deposits.  

Poland's PGE says facing delays in coal-fuelled Opole power plant

By: Reuters     23rd February 2018 Poland's biggest power producer PGE said two units at its coal-fired Opole power plant will be completed a few months later than planned, potentially delaying the country's biggest infrastructure investment since 1989. The plant in the south-west of Poland is expected to help avoid power... 

‘Digital mine’ solution for local market launched

By: Dylan Slater     16th February 2018 In tandem with the yearly mining investment conference Investing in African Mining Indaba, digital industrial company GE launched its global Digital Mine solution onto the South African market.  

Polymetal expects to build on strong 2017 production as Kyzyl comes on line

By: Megan van Wyngaardt     24th January 2018 LSE-listed Polymetal on Wednesday reported that it had produced 405 000 oz of gold equivalent (GE) from its operations in the fourth quarter, an 8% increase over the same period in the previous year. Total GE production for the full year increased 13% year-on-year to 1.43-million, 2% above its... 

Kibo Mining expects imminent signing of PPA

By: Megan van Wyngaardt     18th December 2017 Dual-listed coal-to-power project developer Kibo Mining on Monday said it expected to sign a final power purchase agreement (PPA) with the newly formed Tanzania Ministry for Energy for the Mbeya project in the first quarter of 2018. The company said this followed a “positive” briefing between... 

New South African zinc mine going digital

15th December 2017 Zinc miner Vedanta Zinc International (VZI) is collaborating with digital industrial company GE South Africa to implement a Smart Ore Movement system at its flagship Gamsberg project, in the Northern Cape, to ensure that best practices are in place when the mine goes into production next year. 

Digitalisation initiative at Gamsberg to allow for minute-by-minute decision-making

By: Mia Breytenbach     8th December 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Resources Watch  

7th December 2017 This week: Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg And, Dassault Systèmes heralding in new autonomous mining era 

Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg 

By: Mia Breytenbach     27th November 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Various Moz mining projects making progress

By: Keith Campbell     24th November 2017 The Mozambican Government has approved a resolution authorising Capitol Resources, a subsidiary of British miner Baobab Resources, to undertake mining and related operations in the Chiúta district of Tete province, according to a statement by Cabinet spokesman Armindo Ngunga. The planned... 

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... 


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... 

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