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R/€ = 14.88 Change: -0.01
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49
 

Topic

PEA recommends opencut diamond mine in eastern Finland – Karelian

By: Mariaan Webb     1st August 2017 Dublin-headquartered Karelian Diamond Resources has received the results of a preliminary economic assessment (PEA) for its Lahtojoki kimberlite pipe in eastern Finland, which recommends that a mine should be developed to extract more than $200-million worth of diamonds. The PEA, which was... 

Georgian reports copper resource upgrade at KB project

By: Creamer Media Reporter      27th July 2017 Explorer Georgian Mining on Thursday reported a 41% tonnage increase in the global in-pit optimised constrained copper/gold sulphide mineral resource for the Kvemo Bolnisi (KB) project, in the Tethyan belt. The resource was upgraded from 1.2-million tonnes at 1.03% copper to 1.7-million tonnes at... 

Gem encouraged by recovery of more 100 ct-plus diamonds at Letšeng

By: Creamer Media Reporter      25th July 2017 London-listed Gem Diamonds is encouraged by the improvement in the recovery of diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the first half of this year. It recovered four diamonds larger than 100 ct in the six months to June 30, and another in July. 

Trump America-first pipeline plan draws ire of American oil

By: Bloomberg     21st July 2017 Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of "American energy dominance." The intense lobbying effort comes as the Commerce Department faces a Sunday deadline to give the... 

Low-pressure hydraulic valve to offer adaptability

By: Marleny Arnoldi     21st July 2017 Valves manufacturer Hydromine Projects will take its latest in-development low pressure, pressure-reducing valve to market within the next two months, after ironing out the last issues during a recent trial period at a deep-level gold mine in Klerksdorp, in the North West. The design of the... 

Botswana Diamonds’ Vutomi licences extended adjacent to Frischgewaagt

By: Natasha Odendaal     17th July 2017 Dual-listed Botswana Diamonds has been granted a prospecting licence over an additional 1 000 ha immediately east of and contiguous to its Frischgewaagt project, in South Africa. The explorer’s current drilling programme, which is expected to start within weeks, will be extended into the new... 

Dominion is said to seek sweeter deal from Montana billionaire

By: Bloomberg     15th July 2017 Canada’s Dominion Diamond Corp is hoping Montana billionaire Dennis Washington will cough up a little more cash to buy the world’s third-largest producer of rough diamonds by value. However, the company – which has put itself on the block twice in the past two years – says there’s no guarantee a... 

Kimberlite discovered on Vutomi licence

By: Anine Kilian     14th July 2017 Aim-and BSE-listed Botswana Diamonds has identified a Group 2 kimberlite pipe at its Ontevreden licence, in South Africa’s North West province, which is held by diamond deposit explorer Vutomi. Initial work indicates an area of between 1.5 ha and 2.5 ha containing high-interest garnets.   

Alrosa reaffirms investments in projects in Angola, at home

By: Keith Campbell     14th July 2017 Russian diamond miner Alrosa has reaffirmed its confidence in the future of diamond mining in Angola. “We see a lot of potential in our infrastructure projects, including those in Angola,” stated Alrosa president Sergey Ivanov at the groups’ Annual General Meeting (AGM) at the end of last month.... 

Welding Alloys South Africa

     4th July 2017 To lead the market in engineered wear protection solutions and flux cored welding wire technology, Welding Alloys South Africa (WASA) is focused on responding to its customers’ needs. Part of the Welding Alloys group, which covers more than 150 countries through a network of 30 subsidiaries... 

Karelian granted claim reservation over area which may contain new kimberlite

By: Mariaan Webb     28th June 2017 Prospector Karelian Diamond has been granted a claim reservation in the Kaavi region of Finland, which the Aim- and ESM-listed company is hoping could lead to the discovery of a new kimberlite in the area. The 8.67 km2 claim reservation is for the area surrounding its Lahtojoki mining concession... 

More precious than gold? Copper's the better inflation hedge

By: Bloomberg     28th June 2017 For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. Even the world’s biggest central banks hoard bullion as a reserve asset. But when it comes... 

Vortex slurry sump pumps range expanded

     16th June 2017 Centurion-based pumps manufacturer Hazleton Pumps has expanded its range of Hippo vortex slurry sump pumps that address blockages at coal processing plants. The company points to continuous enquiries from customers for sump pumps capable of handling larger solids as well as pumping at higher... 

Exploration needed to sustain Botswana diamond history

By: Martin Creamer     13th June 2017 The only way that Botswana can have a long and continued proud history of diamond mining is to spend money on diamond exploration, Botswana Diamonds MD James Campbell said on Tuesday, when he urged the country to consider adopting the Canadian flow-through incentive scheme to boost exploration... 

Slurrysucker Makes Quick Work Of Cleaning Tank On Platinum Mine

     13th June 2017 Integrated Pump Rental reports that its locally produced SlurrySucker Maxi dredge unit recently made quick work of desilting a process water tank at a local platinum mine. The ongoing build-up of slurry, due to inefficiencies in the thickener process, had become a major issue at this process... 

Mountain Province announces immediate departure of CEO Evans

By: Henry Lazenby     9th June 2017 Canadian diamond producer Mountain Province Diamonds on Friday announced that president and CEO Patrick Evans would leave the company with immediate effect, following a mutual decision. The 49%-partner of De Beers Canada’s Gahcho Kué mine, in Canada’s Northwest Territories, appointed lead... 

Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

By: Megan van Wyngaardt     9th June 2017 With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba,... 

Modern exploration technologies to revive South African diamond mining

By: Robyn Wilkinson     9th June 2017 With the application of third-generation exploration technologies, South Africa may prove to be the next diamond exploration frontier, says diamond explorer Botswana Diamonds MD James Campbell. He notes that, as a result of low investor confidence in the country, little diamond exploration... 

Modern exploration tech to revive local diamond mining

By: Robyn Wilkinson     9th June 2017 With the application of third-generation exploration technologies, South Africa may prove to be the next diamond exploration frontier, says diamond explorer Botswana Diamonds MD James Campbell. 

Angola, Russia jointly developing new diamond projects and others

By: Keith Campbell     9th June 2017 Angola and Russia have committed themselves to deepening their economic cooperation, not least in the area of mining. This was made clear during the recent visit to the African country by Russian Vice Premier Yury Trutnev. Among others, he held talks with Angolan State Secretary for Geology and... 

Exhibition helps solidify company’s position on Copperbelt

By: Nica Schreuder     2nd June 2017 Black women-owned complete pipeline solutions provider Rare has found “immeasurable value” in exhibiting at the annual Copperbelt Mining Trade Expo and Conference (CBM-TEC), held in Zambia, in 2015 and 2016. During this time, the company has seen an increase in opportunities and valuable contacts... 

Veladero strike ends; formal dialogue with trade union estabished

By: Henry Lazenby     29th May 2017 Workers belonging to the AOMA union at the Veladero mine, in San Juan province, Argentina, has restarted work on Monday afternoon after downing tools early on Sunday. Barrick did not elaborate on the union’s issues of concern, but said it is in dialogue with union leadership to “seek a timely... 

Lucapa secures A$19m to pay for Lesotho mine, advance Phase 1 development

By: Esmarie Swanepoel     26th May 2017 Diamond miner Lucapa Diamond Company has secured A$19-million in capital to fund the acquisition and development of the Mothae kimberlite diamond project, in Lesotho. The ASX-listed miner said on Friday that the funding package included a A$9.2-million underwriting agreement with Westar Capital... 

Tsodilo gains Orapa kimberlite field exploration permit

By: Henry Lazenby     26th May 2017 Diamond explorer Tsodilo Resources has been granted an exploration permit in Botswana to look for diamond-bearing kimberlites in the prolific Orapa kimberlite field (OKF). The TSX-V-listed diamond and metals exploration company has gained access to one of the most significant diamond producing... 

Training academy deriving ‘incredible’ value from simulators

     26th May 2017 Simulation has resulted in a definite, dramatic reduction in training cycle times, says Bedfordview-headquartered mining contractor Murray & Roberts’ Murray and Roberts Training Academy (MRTA) education and training development (ETD) executive Tony Pretorius. With five, high-fidelity Cybermine... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

Opencast mine equipment relocation method saves costs, time

By: Simone Liedtke     12th May 2017 By loading, transporting and offloading draglines for opencast mining clients in one piece, global engineered heavy lifting and transportation specialist Mammoet is driving project feasibility by saving its clients time and money. 

BlueRock to explore new kimberlite pipe

By: Megan van Wyngaardt     2nd May 2017 Diamond miner BlueRock Diamonds has entered into an agreement with Koedonza Olives to mine the 1.5 ha Jubilee kimberlite pipe, in the Windsorton area, 40 km north of Kimberley. To evaluate the commercial viability of Jubilee, the Aim-listed company will receive a bulk sample of up to 2 500 t... 

SA Hippo Expands The Vortex Slurry Sump Pump Range

     28th April 2017 One of the biggest challenges at coal processing plants is that the sump pumps can get blocked by large solids and the whole processing plant will then get flooded to such an extent that either the plant has to be shut down or the blocked pumps have to be removed in order to be unblocked or... 

Internship to benefit more students

By: Nadine James     28th April 2017 Alberton-based wear solutions company Rio-Carb plans to expand its internship programme, aimed at preparing second-year engineering students for their careers, in the near future. With two students having completed the internship programme, launched last year, the Chromium Carbide (CrC) plate... 

Barrick Gold cuts gold production forecast at Argentina mine

By: Mariaan Webb     25th April 2017 Toronto-based miner Barrick Gold’s shares fell nearly 4% in after-hour trade on Monday, after the group lowered its production forecast and increased its cost guidance at its Veladero mine, in Argentina. The mine, where authorities suspended the addition of cyanide to the heap leach process... 

Rare resources discovered in Queensland

By: Esmarie Swanepoel     18th April 2017 Queensland could likely play host to a number of rare minerals, as geologists have unearthed evidence suggesting the presence of platinum and gold as well as rare earth elements (REE). “This may be a whole new frontier for Queensland,” Natural Resources and Mines Minister Dr Anthony Lynham said... 

Thornton joins Barrick top brass in Argentina after Veladero pipe rupture

By: Bloomberg     11th April 2017 Barrick Gold executive chairperson John Thornton flew to Argentina after authorities threatened to rescind the licence for the Veladero mine on the same day the company agreed to sell half the asset. Thornton joined president Kelvin Dushnisky, COO Richard Williams and CFO Catherine Raw in... 

New Curve™ Slurry Pump surpasses all expectations

     10th April 2017 Pump and Abrasion Technologies® (PAT) unveiled its new CURVE™ range of pumps in September 2016.  A prominent South African ferrochrome processing plant was among the first companies to adopt this new technology by implementing a project to change all their pumps to the CURVE range of pumps. The... 

Argyle mine, Australia

By: Sheila Barradas     31st March 2017 A diamond mine located in the remote East Kimberley region of Western Australia. 

New pumps range lowers costs, enhances performance at integrated ferrochrome producer

By: Dylan Slater     31st March 2017 Following the launch of heavy-duty pump solutions company Pump and Abrasion Technologies’ (PAT’s) new Curve range of pumps in September 2016, a North West-based ferrochrome producer has installed the new Curve series pumps at its plant. 

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. 

New Curve™ Pump Proves Its Capability In Market Application

     24th March 2017 Pump and Abrasion Technologies® (PAT) unveiled their new CURVE™ range of pumps in September 2016.  Among the first South African companies to adopt this new technology was Hernic Ferrochrome who currently plans to retrofit all the pumps at their OB-Plant to the CURVE™ range. The conversion... 

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