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World’s safest construction and mining truck debuts at IMARC

30th October 2018 Scania Australia revealed the new XT mining and construction range next-generation trucks at Melbourne’s International Mining and Resources Conference (IMARC) today, giving the industry the first opportunity to examine the extra-tough truck in the metal. The all-new extra-tough Scania XT delivers... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

Lake Charles on track and within budget

By: Halima Frost     26th October 2018 Next year will be a defining year for petrochemicals and chemicals company Sasol, with the start-up of its Lake Charles Chemical Project (LCCP), in the US, which is earmarked as a catalyst for transforming Sasol’s earnings profile. In its 2018 annual results, Sasol announced that it had achieved... 

New lease on life for Leeuwpan

26th October 2018 Diversified miner Exxaro Resources’ Leeuwpan opencast coal mine, in Mpumalanga, was at risk of running out of coal, until last month a new road gave it access to coal reserves. “Leeuwpan needed to develop an area where it could mine another 5.1-million tons a year to extend its life by a further... 

Surface miners drive up savings in coal mining

26th October 2018 Mine operators have been increasingly turning to an alternative to conventional rip-and-stack or drill-and-blast coal mining – the use of surface miners. Diverse studies and tests show that surface miners offer considerable advantages in terms of both economic efficiency and the final product. 

Community Development Agreements compulsory for mining in Malawi

By: Creamer Media Reporter      24th October 2018 A new Mining Act anticipated to be promulgated in Malawi this year will make it compulsory for all mining companies to undertake Community Development Agreements (CDAs). Describing it as an “important change,” AECOM Senior Specialist Karien Lotter explains that companies must commit a... 

Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

Eskom optimistic plan to boost coal stocks will prevent power outages

By: Paige Müller     12th October 2018 The continuing coal supply shortage at State-owned power utility Eskom Holdings is considered a crisis by industry commentators. Although conceding that it “is not an ideal situation”, Eskom has assured Parliament that it is implementing a recovery plan to prevent any unplanned capacity loss.... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

New size for the Nokian Armor Gard 2 excavator tire

10th October 2018 In the spring of 2018, Nokian Tyres introduced a new excavator tire with a feature set matching perfectly the challenges of the urban excavation work. Now, Nokian Armor Gard 2 can be fitted to a wider variety of excavators, thanks to its new 11.00-20 size. Nokian Armor Gard 2, a true next... 

The battery boom created a new lithium superpower in China

By: Bloomberg     10th October 2018 With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution. Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013,... 

Kefi gets Ethiopian government go-ahead for community resettlement plan

By: Marleny Arnoldi     8th October 2018 Aim-listed Kefi Minerals has received approval from Ethiopian authorities to proceed with the resettlement of the Tulu Kapi community, surrounding the company’s Tulu Kapi mine. Preparatory activities for the resettlement will now turn to an exhaustive community communication and consultation... 

Post-Mugabe policies raising expectations for Zim platinum-sector growth

By: Nadine James     28th September 2018 Amid Zimbabwe’s policy changes after former President Robert Mugabe’s removal in November 2017 and the subsequent air of expectation, the country’s platinum sector is poised for positive growth, if not for the challenges presented by the depressed global platinum market.  The Zimbabwe Geological... 

Barrick's Bristow bet seen as boosting South America revival

By: Bloomberg     28th September 2018 Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources founder is set to become CEO of Barrick Gold after Barrick said... 

Excavators moving mountains in Lesotho

By: Halima Frost     28th September 2018 Contractor Basil Read’s mining division has added four new excavators from construction equipment manufacturer Hyundai to its fleet of mobile mining equipment. The excavators – a Hyundai R520LC-9S hydraulic crawler excavator, a Hyundai R850LC-9S tracked excavator, and two 22 T Hyundai R220LC-9S... 

Post-Mugabe policies raising expectations for Zim platinum-sector growth

By: Nadine James     28th September 2018 Amid Zimbabwe’s policy changes after former President Robert Mugabe’s removal in November 2017 and the subsequent air of expectation, the country’s platinum sector is poised for positive growth, if not for the challenges presented by the depressed global platinum market.  The Zimbabwe Geological... 

Stanbic Botswana secures $125m loan guaranty to support diamond sector

By: Tasneem Bulbulia     27th September 2018 Stanbic Bank Botswana, which is a member of Standard Bank Group, has, along with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and Botswana Finance, a subsidiary of Lazare Kaplan International, signed a $125-million loan guaranty, which... 

Trafigura Group helps re-establish historic African trade route

By: Tasneem Bulbulia     26th September 2018 Independent commodity trading group Trafigura has successfully taken the first step towards reopening one of Africa’s most historic trade routes, with a train journey that ended in the Angolan port of Lobito on Saturday, September 22. A cargo of 800 t of copper blister, bought by Trafigura from... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Damage to West Coast beaches from mining can be kept to 'acceptable' levels, say consultants

By: News24Wire      26th September 2018 Consultants employed by Australian company Mineral Sands Resources (MSR) have acknowledged that the massive expansion of mining for mineral sands on 10 West Coast beaches north of the Olifants River estuary will cause unavoidable environmental damage, but claim that the damage can be reduced to... 

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... 

Axiom fully permitted for Isabel nickel project

By: Mariaan Webb     20th September 2018 Solomon Islands has formally granted Axiom Mining a lease over the San Jorge nickel deposit, paving the way for the ASX-listed company to start construction of the Isabel mine – one of the last known undeveloped world-class nickel laterite deposits. The news sent Axiom’s stock surging 44% to... 

NAIF approves A$95m loan for Sheffield’s Thunderbird

By: Mariaan Webb     19th September 2018 The Northern Australia Infrastructure Facility (NAIF) is backing the Thunderbird mineral sands project, in the Kimberley region of Western Australia, through a A$95-million loan, ASX-listed Sheffield Resources announced on Wednesday. The NAIF loan comprises a A$30-million project development... 

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... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

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

By: Esmarie Iannucci     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... 

ELB-KCC Consortium commencing site clearing and preparing for bulk earthworks at Ngodwana Energy Biomass Power Project

By: Creamer Media Reporter      5th September 2018 The ELB-KCC Consortium (Consortium), is pleased to announce that the official site clearing started and that preparation for bulk earthworks commenced at the Ngodwana Energy (RF) (Pty) Limited 25MW Biomass Power Project. The project will be erected at the Sappi Ngodwana site about 40km from... 

Putin wants big business to spend $120bn to revive economy

By: Bloomberg     3rd September 2018 The Kremlin is leaning on Russia’s oligarchs to spend $120-billion on new investments by the end of Vladimir Putin’s term after shelving plans to hike taxes on big business. That’s an increase of 15% to 20% and part of the Russian leader’s plan to take overall investment to a quarter of gross... 

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. 

Orocobre positioning for lithium growth

By: Mariaan Webb     28th August 2018 ASX- and TSX-listed miner Orocobre is confident that market fundamentals for lithium remains strong, despite short-term price volatility, and is gearing up to put money into a mine expansion in Argentina, as well as into a prime lithium hydroxide plant in Japan. The miner is fully funded to... 

Lydian announces payment date extension

By: Schalk Burger     17th August 2018 TSX-listed gold developer Lydian International, which is developing the Amulsar gold project, in Armenia, on Thursday announced that its senior lenders have agreed to extend the initial loan repayment date and the availability period from August 15 to August 31. “Lydian continues to have further... 

Arafura starts geo work at Nolans

By: Esmarie Iannucci     16th August 2018 Rare earths developer Arafura Resources has started a major geotechnical programme at its Nolans neodymium-praseodymium (NdPr) project, in the Northern Territory, to assess the location for critical site infrastructure. The company on Thursday said that some 70 to 80 shallow pits will be... 

Beowulf marks maiden resource milestone at Aitolampi

By: Creamer Media Reporter      13th August 2018 Aim-listed Beowulf has announced a maiden mineral resource estimate for its Aitolampi graphite project, which it believes has the potential to serve the developing battery manufacturing market in Finland and Sweden. The Aitolampi project, in eastern Finland, has an indicated and inferred mineral... 

Hundreds gather in Brits to demand jobs at mines

By: African News Agency      8th August 2018 Hundreds of unemployed people have gathered at the Brits sports ground in the North West province, ahead of a march to mining companies in the area to demand jobs. Provincial chairperson of the Village, Township and Small Dorpies  (VTSD) Chamber of Commerce in North West, Robert Ngwenya, said... 

Fording River Operations, Canada

By: Thabi Madiba     3rd August 2018 A steelmaking coal, or metallurgical or coking coal mine located about 29 km north-east of Elkford, in south-eastern British Columbia, Canada. 

1 300 jobs affected as Lydian responds to illegal Armenia demonstrations

By: Mariaan Webb     2nd August 2018 It has been more than a month since Lydian International first reported that illegal road blockages are preventing access to the Amulsar site and the Canadian company has now issued termination notices to about 30% of its workforce, idled construction contractors and warned of more job cuts to... 

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