R/€ = 16.33 Change: 0.14
R/$ = 14.37 Change: 0.13
Au 1303.50 $/oz Change: -1.19
Pt 860.63 $/oz Change: 24.35


Boiler-tube leaks playing big role in rise of unplanned losses to over 12 000 MW 

By: Terence Creamer     Updated 6 hours ago State-owned electricity producer Eskom has confirmed that boiler-tube leaks are significant contributor to unplanned losses of more than 12 000 MW across its coal fleet. The underperformance of the coal fleet, including those units in commercial operation at the Medupi and Kusile projects, is... 

Poseidon launches Black Swan refurb

By: Esmarie Iannucci     20th March 2019 ASX-listed Poseidon Nickel has started the refurbishment of its Silver Swan decline, in Western Australia. The underground refurbishment of the Silver Swan decline will entail the upgrading of ground support, repair of the southern ventilation surface infrastructure, inspection of the northern... 

Eskom to seek special procurement dispensation to help it address ‘crisis’ 

By: Terence Creamer     19th March 2019 Crisis-ridden power utility Eskom is approaching the Auditor-General and the National Treasury to seek approval for a special procurement dispensation that will allow it to accelerate the purchase of critical goods and services required to address ongoing breakdowns of its coal fleet. The... 

MC Mining achieves operational milestones in H1, narrows losses

By: Simone Liedtke     14th March 2019 Despite having experienced some challenges during the six months to December 31, 2018, ASX-, Aim- and JSE-listed MC Mining on Thursday reported a loss for the period of $3.6-million, compared with the $97.3-million loss reported for the six months to December 31, 2017. Revenue was $15.2-million,... 

Fiat recall leaves palladium buyers bracing for 'supply shock'

By: Bloomberg     14th March 2019 Fiat Chrysler Automobiles’s recall of almost 900 0000 gasoline-fueled vehicles could spur additional demand for the palladium market that’s already reeling from shortages. Replacing the catalytic converters in these vehicles would require an additional 77 000 oz of palladium, said Miguel... 

Power outage cuts Nifty production

By: Esmarie Iannucci     12th March 2019 ASX-listed Metals X has warned of production impacts at its Nifty copper operation, in Western Australia, following a temporary loss of power at its underground mine. The power outage was caused by a short circuit of the underground power cables leading from the gas turbine to the underground... 

Engineering company to offer mobile service for valves from September

By: Cameron Mackay     8th March 2019 Valve repair and engineering consulting company Brimis Engineering plans to introduce mobile repair and testing facilities for clients, particularly mining companies, which will be operational from September of this year. This will enable the company to combine the convenience of being on site... 

Detour Gold reports FY results, Gowans quits as chair

By: Simone Liedtke     7th March 2019 Canadian midtier gold producer Detour Gold on Thursday reported weaker adjusted full-year earnings and announced that James Gowans had resigned as chairperson with immediate effect. The miner, which recently emerged from a proxy battle with Paulson & Co, said Gowans had resigned to focus on other... 

RCT joins forces with Northern Star Resources and Gold Fields for training

28th February 2019 Autonomous solutions provider RCT is working with its clients Gold Fields and Northern Star Resources to provide valuable hands-on training opportunities to apprentices in Western Australia’s Goldfields. Over its 45-year history RCT has employed many apprentices and other skilled workers to help... 

Paladin approves restart PFS in Namibia  

By: Esmarie Iannucci     26th February 2019 The board of ASX-listed Paladin Energy has approved a prefeasibility study (PFS) probing the restart of its Langer Heinrich mine, in Namibia, after a concept study identified a number of options to reduce operating costs, improve uranium process reliability, and to potentially recover a saleable... 

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