R/€ = 16.82 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1199.53 $/oz Change: -8.69
Pt 829.00 $/oz Change: -7.99


Peabody announces $400m Alabama coal acquisition

By: Mariaan Webb     21st September 2018 US coal major Peabody Energy on Friday announced the $400-million acquisition of the Shoal Creek metallurgical coal mine, in central Alabama, from private producer Drummond Company. Located on the Black Warrior river, the mine serves the Asian and European steel mills with high-vol A coking coal... 

Australian miners spearheading disruptive technology movement – Fitch

By: Nadine James     21st September 2018 Australia’s strong information communications technology and energy infrastructure, highly skilled labour force and government support ensures that its miners will continue to be the frontrunners in implementing technology to cut costs, enhance efficiency and increase mine safety, the latest... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Mallay mine, Peru

By: Thabi Madiba     21st September 2018 A silver, lead and zinc mine located in Oyón, about 261 km north-east of Lima in Peru. 

Minergy lauds Botswana regulatory authorities

By: Martin Creamer     20th September 2018 Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north... 

ELB to focus on IoT for service optimisation, profits up 35% for FY18

By: Marleny Arnoldi     19th September 2018 JSE-listed capital equipment supplier and services provider ELB Group reported a 35% increase in profits to R111-million for the financial year ended June 30, compared with R82-million in the prior year. This was on the back of higher sales across all group segments – sales increased by 50% to... 

ASX-hopeful Montem to develop Canada coking coal projects

By: Creamer Media Reporter      19th September 2018 Montem Resources, a company with coking coal development projects in Canada, has announced its planned initial public offering (IPO) and listing on the ASX as it seeks to shore up funding for its brownfield projects in Alberta and British Columbia. The company has lodged its prospectus the... 

New Botswana coal mine development under way – Minergy

By: Martin Creamer     18th September 2018 Work is under way on the new Masama coal mine, which Botswana Stock Exchange-listed Minergy expects to commission in January, ahead of its primary listing on London’s Alternative Investment Market (Aim) in the first half of next year. The 390-million-tonne Masama, located in the Mmamabula... 

ELB-ELWATINI - joining forces in offering rail solutions

By: Creamer Media Reporter      17th September 2018 ELB Engineering Services (Pty) Ltd (ELB) is pleased to announce the forming of a Special Purpose Vehicle (SPV) agreement with ELWATINI RAIL CONSULTANTS. This new venture will be called ELB-Elwatini Rail Solutions and will allow the railway expertise of Elwatini to be offered to the market on a... 

South32 assumes operatorship of Eagle Downs

By: Mariaan Webb     14th September 2018 Diversified mining group South32 has assumed operatorship of the Eagles Downs metallurgical coal project, following the completion of the acquisition of a 50% interest in the Bowen basin project. The other 50% is owned by Aquila Resources, a subsidiary of China’s BaoWu. 

Zambia ventilation shaft project finalised

By: Paige Müller     14th September 2018 Mining contracting and engineering services company Redpath Mining Africa has completed what it has dubbed the “milestone” Synclinorium Ventilation Shaft project for Zambia-based copper mine, Mopani Copper Mines. Redpath Mining Africa’s Zambian branch, Redpath Zambia, was initially awarded the... 

Moz rail, port project stimulated by heavy mineral sands development

By: Rebecca Campbell     14th September 2018 The Mozambican daily newspaper “Notícias” has reported that the proposed Chongoene Logistics Corridor project, which would benefit the heavy mineral sands project at Chibuto in the country’s Gaza province, is now being investigated by a partnership that includes the China Railways International... 

Hurricane threatens US coking coal exports

By: Mariaan Webb     13th September 2018 Prices of metallurgical coal, used by steelmakers, are likely to rise if Hurricane Florence disrupts port operations at Virginia’s Hampton Roads for an extended time, Wood Mackenzie (Woodmac) said on Thursday. Hurricane Florence, which has been downgraded from a category four to a category two... 

Local mining services company owners win Entrepreneur of the Year accolade  

By: Marleny Arnoldi     13th September 2018 Mining engineer Samuel Molefi and his entrepreneurial wife and business partner Motlapele Molefi have won the Entrepreneur of the Year award – a premier entrepreneurial platform sponsored by Sanlam and Business Partners every year. Samuel and Motlapele are founders and owners of Modi Mining, a... 

South Africa's iron-ore railway to be shut down for annual maintenance

By: Reuters     12th September 2018 The main railway line along South Africa's iron-ore corridor will be shut down for annual maintenance from September 26 to October 2, State-owned freight logistics firm Transnet said on Wednesday. The railway line that stretches up to 861 km (534 miles) from iron-ore mines at Sishen in the... 

Glencore-led Australian coal port wins court nod on $3.2 bln debt refinancing

By: Reuters     11th September 2018 Australia's Wiggins Island Coal Export Terminal obtained court approval on Tuesday for a $3.2-billion debt refinancing plan, offering respite to its owners who would have had to start repayments this month. The Queensland-based terminal, known as WICET, is 40% owned by miner and commodities... 

Gauteng-focus stands RGM Cranes in good stead

11th September 2018 Overhead cranes and services supplied by RGM Cranes are recognised as the “gold standard” for reliable and safe lifting within the Gauteng region, says MD Alex Dowling, who believes that the company’s focus on providing its services to Africa’s largest industrial and mining hub has stood it in... 

DMR approves amended EA for MC Mining’s Makhado project

By: Simone Liedtke     11th September 2018 The Department of Mineral Resources (DMR) has approved the environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. The approval by the DMR follows confirmation earlier this month that the Limpopo Department of Economic Development, Environment and... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

MC Mining to negotiate EPC package with Chinese group

By: Marleny Arnoldi     6th September 2018 Coal miner MC Mining has signed heads of agreements with Chinese construction group China Railway International Group (CRIG) to negotiate an engineering, procurement and construction (EPC) contract for the Makhado project, in Limpopo. Under the terms of the agreements, MC Mining and CRIG will... 

Rusal's August aluminium exports up 7% from July - Ifax

By: Reuters     6th September 2018 Russian aluminium producer Rusal, under US sanctions since April, increased its aluminium exports by 7% in August compared to the previous month, Interfax news agency said. Rusal, the world's second-largest aluminium producer, saw its exports and supply chain crippled after Washington put the... 

Qld seeks public input on A$1bn coking coal mine

By: Esmarie Swanepoel     6th September 2018 The Queensland government has called for public comment on the proposed A$1-billion Olive Downs coal mine, releasing its draft environmental impact statement (EIS). Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said on Thursday that the proposed project... 

Limpopo authorities approve amended EA for MC Mining’s Makhado project

By: Marleny Arnoldi     3rd September 2018 The Limpopo Department of Economic Development, Environment and Tourism (Ledet) has approved amendments to coal miner MC Mining’s 2016 environmental authorisation (EA) for the Makhado hard coking and thermal coal project, in Limpopo. MC Mining’s subsidiary Baobab Mining & Exploration, which... 

Grindrod reports strong recovery in interim earnings

By: Marleny Arnoldi     31st August 2018 Freight and financial services group Grindrod has achieved a strong year-on-year recovery in the six months to June 30, with its earnings a share having increased to 317c, compared with a loss a share of 11.5c in the first half of 2017. Headline earnings a share were 3.8c, compared with a... 

Greenhills operations, Canada

By: Sheila Barradas     31st August 2018 A metallurgical coal mine in the East Kootenay region of south-eastern British Columbia, in Canada. 

South Africa could create 50 000 more mining jobs – Minerals Council

By: Martin Creamer     30th August 2018 A South Africa moderately more attractive to investors would catalyse the creation of 50 000 more mining jobs and an additional 200 000 jobs overall, Minerals Council South Africa CEO Roger Baxter told the Africa Down Under conference in Perth on Thursday. Speaking a day after Mineral Resources... 

Keeping machinery spotless while caring for the environment

27th August 2018 Not prepared to wash its hands of environmental hazards or dirty equipment, Ecotech Africa has its vision set on cleaning industrial equipment and one day dominating the local car wash industry. 

Study initiated to assess conversion of Kelvin power station from coal to gas

By: Terence Creamer     21st August 2018 A $1.3-million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg, into a 450 MW to 600 MW gas-fired power station. The study will also assess the potential for developing the Kelvin site into a gas distribution hub for... 

AngloGold moves to avoid 2 000 job losses in South Africa region

By: Martin Creamer     20th August 2018 The once overwhelmingly dominant South Africa segment of gold mining company AngloGold Ashanti has been reduced to a mere loss-making shadow of its former self. In the six months to June 30, South Africa produced a mere 10% of the company’s gold unprofitably. 

Nutrien steers potash recovery as BHP waits in the wings

By: Reuters     20th August 2018 Canada's Nutrien, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. 

Transnet results eclipsed by irregular expenditure, qualified audit and State capture

By: Terence Creamer     20th August 2018 A surge in irregular expenditure to over R8-billion triggered a qualification of Transnet’s 2018 financial results, all but eclipsing an otherwise strong financial and operational performance by the State-owned group. The irregular expenditure related primarily to procurement undertaken by... 

Polymetal ships first concentrate from Kyzyl

By: Creamer Media Reporter      20th August 2018 LSE-listed Polymetal has shipped first concentrate from its Kyzyl mine, in Kazakhstan, to a buyer China, bringing the company closer to achieving cash flow from the asset. The company said that 2 000 t of gold concentrate was shipped by rail. 

CSIR, Mandela Mining Precinct combine forces in push to improve safety and productivity

By: Nadine James     17th August 2018 The Council for Scientific and Industrial Research (CSIR), as part of its collaboration with the Mandela Mining Precinct, has either developed or adapted several technologies that could be applied in mining environments to improve safety, productivity and efficiency. The function of the Mandela... 

CSIR, Mandela Mining Precinct combine forces in push to improve safety and productivity

By: Nadine James     17th August 2018 The Council for Scientific and Industrial Research (CSIR), as part of its collaboration with the Mandela Mining Precinct, has either developed or adapted several technologies that could be applied in mining environments to improve safety, productivity and efficiency. The function of the Mandela... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

ELB to provide Side Arm Charger to Sappi Saiccor, KZN

By: Creamer Media Reporter      15th August 2018 ELB Engineering Services (ELB) is pleased to announce that a contract has been entered into between Sappi Saiccor and ELB Engineering Services for the Sappi Saiccor Side Arm Charger Project at Umkomaas, South Coast of KZN, South Africa. The Sappi Saiccor mill at Umkomaas is planning to increase... 

Local downstream oil investments, across Atlantic gold prospects and rail derailments make headlines 

14th August 2018 Glencore’s local downstream oil investments are expected to be concluded in the near future, Rangold Resources is looking across the Atlantic along the northern edge of South America for new prospects, and Transnet has derailed its reputation by allowing derailments and rail cancellations on its... 

Advisian quickly becoming an advisor of choice in transport and master planning

By: Creamer Media Reporter      7th August 2018 Transport infrastructure is a primary driver for expanding trade and sustainable development throughout the EMEA region. This is particularly the case in the SSA (sub-Saharan African) and MENA (Middle East and North Africa) regions, where the integration of transport infrastructure with new... 

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