R/€ = 15.72 Change: 0.00
R/$ = 13.82 Change: 0.00
Au 1280.28 $/oz Change: 1.32
Pt 797.41 $/oz Change: -1.62


De Beers eyes tech markets for synthetic diamonds future 

By: Reuters     19th October 2018 Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94-million factory in Portland, Oregon, an... 

Weir completes acquisition of ESCO Corporation

12th July 2018 The Weir Group PLC has completed the acquisition of ESCO Corporation, the world’s leading provider of ground engaging tools for surface mining and infrastructure markets, for an enterprise value of US$1,285m.  It follows regulatory clearance for the transaction, which was first announced on 19... 

De Beers launches lab-grown diamond company Lightbox Jewellery in US

By: Marleny Arnoldi     29th May 2018 Diamond miner De Beers has launched a new company called Lightbox Jewellery that will begin marketing a new brand of laboratory-grown diamond jewellery designs at lower prices than existing lab-grown diamond offerings.  

Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

By: Henry Lazenby     19th April 2018 UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in the mining, construction and industrial markets. "We are acquiring a high-quality business at the right time, with the market in the early stages of its... 

Portland back to full capacity

By: Esmarie Iannucci     13th October 2017 Aluminium major Alcoa’s Portland smelter, in Victoria, has been restored to full production capacity, following a power outage in December last year. “Our interventions have protected this crucial industry, saved local jobs and continue to support communities in Portland and throughout... 

Regency completes partial sale of UK oil and exploration project

By: Creamer Media Reporter      24th August 2017 Aim-listed Regency Mines has completed the sale of a 1.9% interest in Horse Hill Developments (HHDL), the special purpose vehicle owning an oil and gas licences in southern England. Regency sold the 19 shares in HHDL to UK Oil and Gas Investments (UKOG) for £323 000 in cash and shares. UKOG now... 

Portland smelter approaching full capacity

By: Esmarie Iannucci     21st August 2017 The Portland smelter, in Victoria, is expected to return to full production shortly, securing the future of more than 650 employees and contractors, Industry and Employment Minister Wade Noonan reported on Monday. Aluminium major Alcoa in January initiated work to restart smelting capacity,... 

Surrey council to consider Horse Hill planning application this year

By: Mariaan Webb     10th July 2017 The consortium seeking to develop the Horse Hill oil and gas project, near the Gatwick Airport, is hoping to receive approval from the Surrey County Council for long-term production testing and the drilling of more wells later this year. Horse Hill Developments Limited (HHDL), which owns 65% of... 

Portland smelter rescued as Alcoa strikes deal with AGL, govt

By: Esmarie Iannucci     20th January 2017 Aluminium major Alcoa will restart full operations at its Portland smelter, in Victoria, after striking a deal with state and federal governments, and finalising a new four-year power supply agreement with ASX-listed AGL Energy. It is understood that the Victorian government will invest some... 

Victoria expects ‘positive outcome’ on Alcoa Portland talks soon

By: Esmarie Iannucci     16th January 2017 Aluminium major Alcoa and the federal and Victorian governments are continuing discussions over the future of the Portland smelter, with the state government saying that significant progress has been made. “All parties are committed to working towards finalising a positive outcome in the very... 

Sunrise reports strong results from Pozz deposit, Nevada

By: Henry Lazenby     23rd December 2016 Aim-listed Sunrise Resources has reported strong initial strength-test results for natural pozzolan sourced from its Pozz project, in Nevada. The test results indicate that the CS Deposit sample is a high quality natural pozzolan competitive with natural pozzolans available on the market today. 

Gold One GM reveals how company nearly lost entire mine in fall-of-ground incident

By: Ilan Solomons     9th December 2016 An almost disastrous fall-of-ground (FoG) took place on the night of April 21, 2015, at gold mining company Gold One International’s Modder East Operations (MEO), in Springs, on the East Rand, it revealed recently. The FoG covered an area of about 63 m on dip by 43 m on strike, in the back areas... 

Power outage shuts potline at Alcoa’s Portland smelter

By: Esmarie Iannucci     2nd December 2016 A power outage at the Portland aluminum smelter, in Victoria, has forced aluminium major Alcoa to halt production at one of two potlines. While the other potline is operating, Alcoa warned on Friday it could experience a significant instability in the short term. 

Conversion of gold tailings into ‘mineral binders’ touted as possible solution to acid mine drainage

By: Ilan Solomons     22nd April 2016 The Council for Geoscience (CGS) is currently investigating several options for the development of appropriate measures to address environmental challenges associated with acid mine drainage (AMD). CGS intern Leahn Pieterse points out that each year, the mining industry generates a significant... 

Gold tailings to mineral binders, tracer techniques and water, tailings handling know-how

By: Martin Creamer     22nd April 2016 Acid mine drainage (AMD) continues to be both a curse and an opportunity. Water is precious and not matter what form it takes, studying economic ways of recovering it is appropriate. In this edition, Mining Weekly reports on three activities within the State-owned Council for Geoscience (CGS)... 

PPC prioritising new BBBEE ‘road map’ as rating gets set to drop sharply 

By: Terence Creamer     18th November 2015 Cement producer PPC plans to finalise a new broad-based black economic–empowerment (BBBEE) road map in the coming six months in light of an anticipated five-level drop in its empowerment rating under the South African government’s new scoring system. It also intends unwinding a BBBEE deal struck... 

Alba increases its share in Horse Hill project

By: Ilan Solomons     25th September 2015 JOHANNESBURG ( – Aim-listed Alba Mineral Resources, on Friday executed a conditional agreement to buy an additional 5% interest in exploration and development company Horse Hill Developments (HHD) from UK oil producer Angus Energy. Alba would, thereby, increase its interest in... 

Oil traders to store W African crude in US until prices recover

By: Reuters     16th January 2015 Traders are shipping West African crude to the US to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with US crude. Oil firms including Swiss-based Glencore, Italian energy major ENI and... 

Court ruling adds to Mt Margaret project delays

By: Henry Lazenby     4th July 2014 Vancouver-based Ascot Resources on Friday said it was “disappointed” by an Oregon District Court ruling this week that enjoined permits granted by the US Bureau of Land Management (BLM) and the US Forest Service (USFS), pending a review, adding to delays in starting the Mt Margaret project, in... 

US engineering innovation

27th August 2012 US manufacturer of highly engineered wear parts ESCO Corporation will join hands with its African office to showcase its expertise at this year's Electra Mining Africa. The company has celebrated its first birthday as an operating company in South Africa, but has traded in the country through a... 


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