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Tradecore Steel Enters Third Year Of Operation

     8th November 2017 Local steel trading company’s growth shows there is no substitute for experience and expertise. November 2017 marks two full years of operation at TradeCore Steel (Pty) Ltd, a privately-owned steel trading and distribution company based in Wadeville, Gauteng. 

Rio creates new commercial role

By: Esmarie Swanepoel     6th November 2017 Mining major Rio Tinto has appointed Simon Trott as its chief commercial officer (CCO), reinforcing the miner’s focus on driving value across the business. Trott, who is currently the salt, uranium and borates MD, will report directly to the company’s CEO and will form part of Rio’s executive... 

Northam initiates R100m tailings retreatment project 

By: Martin Creamer     28th August 2017 A new R100-million tailings retreatment project has been initiated by platinum-mining company Northam at its Booysendal South asset, acquired from Aquarius Platinum. The project, which involves hydromining and the reprocessing of the of the Booysendal South tailings storage facility (TSF), aims... 

Peak announces Ngualla optimisation study results

By: Esmarie Swanepoel     28th August 2017 ASX-listed rare earths developer Peak Resources has flagged improved economics at its planned Ngualla project, in Tanzania, on the back of a process optimisation study. The company on Monday told shareholders that process optimisation study had increased production from the 28 300 t/y of mineral... 

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.... 

World energy investment drops for second consecutive year

By: Creamer Media Reporter      11th July 2017 Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International Energy Agency's (IEA’s) latest ‘World... 

Monster Lake project partners Iamgold, TomaGold trace bonanza grades

By: Henry Lazenby     7th July 2017 Exploration partners Iamgold and TomaGold have reported bonanza grades at the Monster Lake gold project, located 50 km southwest of Chibougamau, in Quebec. Toronto-based Iamgold, which is earning a 75% interest in the project, on Thursday reported results from the final 14 holes of the winter... 

Funding dearth, restrictive laws and lack of leadership from govt stifling SA junior miners

By: Dylan Slater     30th June 2017 The junior mining sector in South Africa has “huge potential” to grow and re-establish itself in the domestic mining environment; however, this potential is being blunted by a lack of funding, restrictive legislation and a lack of leadership from the Department of Mineral Resources (DMR) and... 

Funding dearth, restrictive laws and lack of leadership from govt stifling SA junior miners

By: Dylan Slater     30th June 2017 The junior mining sector in South Africa has “huge potential” to grow and re-establish itself in the domestic mining environment; however, this potential is being blunted by a lack of funding, restrictive legislation and a lack of leadership from the Department of Mineral Resources (DMR) and... 

Structural supply side changes, growing demand support rising vanadium prices

By: Henry Lazenby     1st June 2017 Surging vanadium prices so far this year are underpinned by structural supply side changes and stable, growing demand from most end uses, analysis by independent market intelligence firm Roskill has found. Since falling to a 12-year low of $13.5/kg of ferrovanadium in the fourth quarter of 2015,... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

Classic finds solutions for Forrestania

By: Esmarie Swanepoel     10th April 2017 Junior Classic Minerals is advancing work on its Forrestania gold project, in Western Australia, and on Monday announced a toll treatment agreement. The company said it had secured toll treatment with the Lakewood processing plant, owned by Golden Mile Milling. 

Slag use in building system offers multiple benefits

     31st March 2017 Alternative construction system company Moladi has developed a means of incorporating mine slag into its Moladi mix, offering mining companies a viable method for recycling their waste material and reduced construction costs when developing mine-site accommodation. Moladi founder and CEO Hennie... 

DA to ask public protector to investigate Eskom acting CEO’s R1bn deals to stepdaughter 

By: African News Agency      27th March 2017 The Democratic Alliance will ask Public Protector Busisiwe Mkhwebane to launch an investigation into Eskom acting CEO Matshela Koko for allegedly awarding tenders worth R1-billion to Impulse International, a company of which his stepdaughter is a director, the party said on Sunday. “Impulse... 

New Bill on way to boost State involvement in mining

By: Martin Creamer     10th February 2017 A new Bill is to be presented to the South African Parliament to strengthen the State’s role in the industry, currently dogged by legislative, regulatory and administrative tensions between government, business and labour. The Mining Company of South Africa Bill will be presented to Cabinet and... 

Mining won’t be bullied into submission – Froneman 

By: Martin Creamer     7th February 2017 South Africa’s mining industry will not be bullied and beaten into submission and all stakeholders have a role to play to improve the South African situation, Chamber of Mines (CoM) VP and Sibanye Gold CEO Neal Froneman said on Tuesday. Speaking assertively at the Investing in African Mining... 

Downturn allows for focus on research, design enhancement

By: Nadine James     3rd February 2017 Agitator and pump manufacturer AFX Mixing and Pumping Technologies, a division of AFX Holdings, has used the mining downturn to focus on its research and development (R&D) initiatives. AFX director and pumps specialist Toby Frostwick says while the company’s commitment to its R&D outcomes and... 

TSX notches small gain as materials stocks rise

By: Reuters     23rd December 2016 Canada's main stock index edged higher in morning trade on Friday as materials stocks led a broad but shallow rally and some heavyweight financial shares slipped. At 10:07 am ET, the Toronto Stock Exchange's S&P/TSX composite index was up 23.84 points, or 0.16%, at 15 359.07. It is on track for... 

As competition for streaming deals intensifies, Silver Wheaton willing to step back, look to consolidate

By: Henry Lazenby     17th December 2016 The pioneer and largest proponent of the precious metals streaming model is willing to step back from current frenzied activity by several new market entrants, each vying to get a foot in the door. “To quote one of the bankers: ‘they [new market entrants] have a very strong need to transact’,”... 

Iron-ore’s party gives way to hangover as China stockpiles surge

By: Bloomberg     21st November 2016 For iron-ore, it is the morning after the night before. Prices have given up most of the gains inspired by Donald Trump’s surprise win and a speculative frenzy in China, with a surge in port stockpiles in the top user reminding investors that fundamentals still count. “The speed of the recent... 

Tradecore Steel Milestone: Celebrating 1 Year Trading

     2nd November 2016 01 November 2016 marks the first 1st anniversary for TradeCore Steel. Tradecore Steel has grown from a small trading facility to an internationally recognized supplier of steel products. TradeCore Steel (Pty) Ltd opened its doors as a privately-owned steel trading and distribution company in... 

Glen Eagle subsidiary acquires additional land in Honduras to expand gold processing plant

By: Anine Kilian     7th October 2016 TSX-listed Glen Eagle Resources has acquired 15 000 m2 of land to expand its gold processing plant in Choluteka, Honduras. The company announced on Thursday that its wholly owned subsidiary Cobra Oro had bought the land, enabling the subsidiary to acquire its own free trade zone, reinforcing its... 

Fall-of-ground accident study, commodity improvement, local continuous miner debuts

By: Martin Creamer     30th September 2016 Risk-based support design methodology is being imparted to rock engineering practitioners in the platinum sector; a better commodity environment is being discerned; and a new local continuous miner for trhe coal industry is being introduced. 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

Murray & Roberts Cements Leading Position In Mining Infrastructure

     19th September 2016 Murray & Roberts Cementation has completed another milestone project for leading South African coal miner, Sasol Mining. It took Murray & Roberts Cementation one year to excavate, support and equip a 1 500 ton underground bunker and box front with its associated infrastructure at Impumelelo mine.... 

Siemens Integrated Drive Solutions 

     12th September 2016 Some of the innovations that will be presented at the event include integrated drive systems, couplings, automation systems and motors, including the demonstration of the newly launched process automation mobile unit outside Hall 7. 

Siemens 

     12th September 2016 As part of the biggest mining and industrial trade show in Africa, Siemens will be presenting its drive and automation technologies at Electra Mining 2016.  

Anglo American’s Gahcho Kué to provide C$6.7bn boost to Canadian economy

By: Henry Lazenby     9th September 2016 A new report by professional services firm EY has calculated that the world’s largest new diamond mine under construction in Canada’s Northwest Territories (NWT), Gahcho Kué, will provide a C$6.7-billion boost to the Canadian economy. “Diamonds are perhaps one of Canada’s best kept secrets, yet,... 

Integrating training technology into mining operations

     26th August 2016 Training technologies provider ThoroughTec Simulation will be demonstrating a number of new developments at Electra Mining Africa 2016, reinforcing the company’s drive to provide mines with powerful training and workforce development technologies. 

Mining complex refurbished with no major delays

     19th August 2016 Eleven products from specialist chemicals company Sika have been used in the refurbishment of platinum producer Impala Platinum’s (Implats’) Rustenburg operations, a 14-shaft complex in the Bushveld Igneous Complex near Rustenburg, which was completed in June. Since this active platinum... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

Tradecore Steel (Pty) Ltd Launches In Johannesburg

     3rd June 2016 TradeCore Steel (Pty) Ltd recently opened its doors as a privately-owned steel trading and distribution company in Wadeville, Johannesburg. The company’s core offering is the physical bulk trading and local and cross-border logistics and distribution of steel sourced from third party producers,... 

Quest for living wage, need to contain costs overshadow upcoming platinum pay talks

By: David Oliveira     3rd June 2016 Striking a balance between workers receiving a living wage in line with the national inflation rate and avoid mass job cuts, owing to cash-strapped mining houses looking to reduce costs, remains a major concern for labour unions and platinum miners as wage negotiations loom. The current wage... 

Quest for living wage, need to contain costs overshadow upcoming platinum pay talks

By: David Oliveira     3rd June 2016 Striking a balance between workers receiving a living wage in line with the national inflation rate and the threat of mass job cuts, owing to cash-strapped mining houses looking to reduce costs, remains a major concern for labour unions and platinum miners. The current wage agreement, which was... 

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Kal Tire’s Mining Tire Group Attends Electra Africa, MINExpo

     17th May 2016 Award-winning Ultra Repair™, new recycling solution among the developments showcased by the international mining tire specialists. Kal Tire’s Mining Tire Group, a world leader in mining tire management and supply, will be showcasing several of its newest innovations designed to help maximize tire... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

AMSA confirms another round of steel price increases from May 1

By: Terence Creamer     19th April 2016 Steel producer ArcelorMittal South Africa (AMSA) has confirmed yet another round of price increases on both flat- and long-steel products, announcing average increases of 10% from May 1 and reinforcing what has become an established pricing trend since the start of 2016. However, acting CEO Dean... 

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