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Firestone narrows H1 loss, says Liqhobong on track for commercial production in June

By: Mia Breytenbach     28th March 2017 Aim-listed Firestone Diamonds, which on Tuesday posted a $4.1-million loss before tax for the six months to December 31, expects its Liqhobong diamond mine, in Lesotho, to reach commercial production at the end of June. Commissioning of the mine started in October 2016, with the mine construction... 

Lucapa announces maiden Mothae resource estimate

By: Henry Lazenby     25th March 2017 ASX-listed Lucapa Diamonds has published a maiden Joint Ore Reserves Committee-compliant resource estimate for the Mothae kimberlite pipe, in Lesotho. The Mothae project is located about 5 km from Gem Diamonds’ Letšeng mine. 

Slow progress in payouts to former miners – Oliphant

By: African News Agency      24th March 2017 Deputy Mineral Resources Minister Godfrey Oliphant on Thursday conceded that efforts to reach out and compensate former mineworkers, many of whom from neighbouring countries, have not been satisfactory. In his keynote address at the Southern Africa Trust summit on social security and compensation... 

‘Barometer’ provides assessment of mineral resources industry transparency

By: Ilan Solomons     24th March 2017 Governments are challenged with creating new approaches to governance that enable them to better exploit the developmental potential provided by mineral resources. It is therefore imperative that countries establish regulatory frameworks and State capacity to ensure that mining activities are... 

Gem Diamonds' FY pretax profit nearly halves on Botswana mine impact

By: Reuters     15th March 2017 Gem Diamonds reported on Wednesday a 47% fall in its full-year pretax profit, hurt by an impairment charge after it mothballed the Ghaghoo mine in Botswana due to a fall in diamond prices. The company recorded an impairment provision of $176.5-million after its move last month to place the... 

Lulo delivers payday for Lucapa

By: Esmarie Swanepoel     8th March 2017 Diamond miner Lucapa Diamond Company will receive A$7.3-million ($5.6-million) in funds from its Lulo diamond mine, in Angola, under the terms of an alluvial mining investment with project partners Empresa Nacional de Diamantes and Rosas & Petalas. The board of the Lulo operation declared an... 

Firestone hosts successful first sale of Liqhobong diamonds

By: Megan van Wyngaardt     13th February 2017 All 75 936 ct on offer at Aim-listed Firestone Diamonds’ first sale of diamonds recovered from its Liqhobong diamond mine, in Lesotho, have been sold. The sale was held in Antwerp between February 6 and 10, with the company raking in $8.14-million, or an average of $107/ct. Over 90 companies... 

A ‘lean, mean’ structure and less burdensome laws key to successful mining of Middle Orange River diamond deposits

By: Ilan Solomons     10th February 2017 The Middle Orange River (MOR) alluvial diamond deposits between Hopetown, Douglas and Prieska, along with deposits along the Riet and Vaal rivers, in the Northern Cape, represent three unique sinks or repositories of high-quality gem diamonds, says independent diamond consultant Dr John Bristow.... 

Mining-related unclaimed benefits funds pay out R60m as tracing efforts intensify

By: Dylan Slater     10th February 2017 The Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds (Mines 1970s Funds) has, in the past 25 months, improved their combined tracing rate to identify 62% of the total number of missing beneficiaries.  

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Former mineworkers paid more than R60m by unclaimed benefits funds

By: African News Agency      31st January 2017 Thousands of former mineworkers have been paid more than R60-million in unclaimed benefits over a two-year period to date, the Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds said this week. This comes after the Mines 1970 Unclaimed Benefits Preservation Pension and... 

Lucapa adopts low-risk strategy for new Lesotho diamond mine

By: Esmarie Swanepoel     31st January 2017 Diamond miner Lucapa Diamonds has been awarded the Mothae kimberlite project, in Lesotho, following a competitive international tender process. Lucapa acquired a 70% interest in the project for $9-million, payable over ten months. 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Broadening perspective to keep juniors afloat

By: Nadine James     27th January 2017 Among those affected by the depressed commodities prices over the past two years, junior mining companies have suffered disproportionately more, says State-owned financial services provider Export Credit Insurance Corporation (ECIC) of South Africa, which has assisted several junior miners during... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Firestone Diamonds gears up for first sale as Liqhobong ramps up

By: Megan van Wyngaardt     26th January 2017 Aim-listed Firestone Diamonds has scheduled its first diamond sale, in Antwerp, from February 6 to 10, as its Liqhobong mine, in Lesotho, ramps up to full output. In the three months ended December 31, the company recovered over 20 special stones larger than 10.8 ct from the mine, including a 37... 

Specialist supplies 20 drives to Liqhobong mine

By: Kimberley Smuts     20th January 2017 Drive engineering specialist SEW-Eurodrive has successfully filled an order for the delivery of 20 drive systems and a gear motor from its X series range for the newly constructed Liqhobong diamond mine, in Lesotho. The drives and gear motor were installed for a conveyor application.... 

SA Pump Manufacturer Celebrates 37 Years Of Internationally Proven Award Winning Pump Designs

     19th January 2017 HAZLETON PUMPS, a family owned and managed business located in Centurion, has been continually awarded since the company’s inception 37 years ago with numerous awards and is regarded as a world leader in the pumping of high head, high volume acidic liquids containing solids utilising their... 

Poverty led to Marikana tragedy, says Mahumapelo

By: African News Agency      5th December 2016 Poverty was the root cause of the Marikana tragedy four years ago, North West premier Supra Mahumapelo said on Sunday. “Poverty forced people to work in the mines, some come from Zimbabwe, Lesotho, the Eastern Cape and other provinces, and neighbouring countries to work in Rustenburg mines,” he... 

Interest in diamond exploration testing persists

By: Simone Liedtke     25th November 2016 Mining industry consultancy The MSA Group says the significant increase in cost-estimate requests it has received for diamond exploration testing this year is continuing. 

New diamond find in Liberia

By: Anine Kilian     17th November 2016 An 18.2 ct D-flawless diamond was recently discovered in the Cape Mount County in north-west Liberia as part of Youssef Diamond Mining Company’s (YDMC’s) diamond exploration programme. This follows an earlier discovery of a kimberlite pipe in the same region. 

Three bodies of Zama-Zamas found in Welkom mine

By: African News Agency      16th November 2016 The bodies of three illegal miners – two of them with name tags – have been recovered from a mine in Welkom and the South African Police Service (SAPS) are appealing to their relatives of the deceased to come forward. On Wednesday SAPS called for assistance to locate families of the dead illegal... 

Need for greater focus on economic risks

By: Robyn Wilkinson     4th November 2016 More scrutiny should be applied to economic risk factors amid contractions in the global mining sector when evaluating new mining projects, as a result of a prolonged downturn in commodities prices and uncertainty in global demand, South African risk insurance provider Export Credit Insurance... 

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary-resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant minerals endowment. At this year’s Joburg Indaba, which took place... 

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant mineral endowment. At this year’s Joburg Indaba, which took place earlier... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told 

By: Martin Creamer     19th October 2016 Water-constrained Gauteng may see an acid mine drainage (AMD) quick-fix in order to save the fresh water from the Lesotho Highlands Water Project from being wasted on AMD dilution instead of being available to the economy, environmental adviser Dr Anthony Turton said on Wednesday. Delivering the... 

Liqhobong mine enters final commissioning stages  

By: Creamer Media Reporter      6th October 2016 All major construction activities at Aim-listed Firestone Diamonds’ 75%-owned Liqhobong mine, in Lesotho, have been completed. Mining activities have started and the commissioning of the processing plant is now in its final stages. 

Unique MOR diamond deposits offer ‘considerable potential’ 

By: Anine Kilian     29th September 2016 The Middle Orange River (MOR) alluvial diamond deposits between Hopetown, Douglas and Prieska, along with deposits along the Riet river and the Vaal river, in the Northern Cape, represent three unique sinks or repositories of high-quality gem diamonds, says geologist Lyndon de Meillon. Speaking... 

Firestone Diamonds one step away from completing Lesotho diamond mine

By: Megan van Wyngaardt     28th September 2016 Aim-listed Firestone Diamonds has “one more item” left before its one-million-carat-a-year Liqhobong project, in Lesotho, enters production in the fourth quarter. During a media briefing, in Johannesburg, on Wednesday, CEO Stuart Brown said the company had around 90 000 t of ore stockpiled and... 

Illegal mining out of control – Mine Rescue Services

By: Natasha Odendaal     27th September 2016 A surge in the number of mine rescues and recoveries at abandoned and disused operations is an indication that the illegal mining scourge is starting to spiral out of control, and the recorded incidents are just the tip of the iceberg. The Chamber of Mines and Mine Rescue Services (MRS) on... 

Namibia's fiscal deficit to narrow on rising mining production, spending cutbacks – BMI

By: Anine Kilian     23rd September 2016 Rising mining production and cutbacks on nonessential spending will see Namibia's fiscal deficit narrow in the coming months, says BMI Research, which is part of Fitch Group. BMI points out in a new report that Namibia's fiscal balance will begin to narrow over 2017, after widening substantially... 

Case against 22 illegal miners in Welkom postponed

By: News24Wire      20th September 2016 The case against 22 illegal miners arrested at a Welkom gold mine was postponed in the Bloemfontein Magistrate’s Court, Free State police said on Monday. The matter was postponed to September 26 for a formal bail application, Captain Stephen Thakeng said. 

More illegal miners die, this time in Welkom

By: News24Wire      19th September 2016 The South African National Civic Organisation (Sanco) has expressed sadness at the deaths of two illegal miners at the Eland shaft of Harmony mine in Welkom. In a statement issued on Saturday, Sanco spokesperson Jabu Mahlangu called on authorities to intensify the crackdown on unlawful mining... 

Firm launches Southern African mine mapping dataset

By: David Oliveira     16th September 2016 Geographical information services and products provider GeoTerraImage launched their Southern African Mine dataset last month, which uses satellite imagery to produce information on mining activity in 12 countries in Southern Africa. The dataset indicates mining activity in South Africa,... 

Centlube 

     15th September 2016 What started as a small family-run business more than 25 years ago has grown exponentially to become a major player in the manufacturing, distribution and marketing of lubricants and grease products in South Africa. 

Sale of Firestone Diamonds’ Botswana asset to Tango lapses

By: Natasha Odendaal     12th September 2016 Aim-listed Firestone Diamonds will continue to seek shareholder value for its Botswana assets after its $8-million disposal to potential buyer Canadian diversified junior miner Tango Mining fell through. The diamond development company on Monday said Tango had been unable to meet the conditions... 

Hencon Vacuum Technologies

     26th August 2016 Gauteng-based Hencon Vacuum Technologies, a specialist company in the Hencon Group, is one of the leading companies in the design, manufacture, supply and support ... 

MechProTech

     26th August 2016 Gauteng-based MechProTech is an equipment supply and support company focusing on the design, manufacturing development, project management and after-sales service of mining process equipment. The company supplies ore scrubbers, grinding mills, barrel screens, roll crushers, thickeners, reagents... 

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