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Company sells new underground mining pipes at expo

By: Pimani Baloyi Local pipes manufacturer Marley Pipe Systems sold several of its newly launched MegaTuff co-extruded flame-retardant high-density polyethylene (HDPE) and ventilation pipes for underground mining at this year’s Electra Mining Africa exhibition, where the products were introduced to the market for... 

Sibanye Q3 production up 10%, full-year guidance maintained

By: Leandi Kolver Gold miner Sibanye Gold on Tuesday reported record gold production of 424 700 oz (13 210 kg) for the three months ended September 30, up 10% year-on-year. The company said the higher production, which resulted in an operating profit of R1.78-billion, was mainly owing to the solid performance of... 

Mines back up and running and commencing with stock clean up

With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction. The auction, closing on 30 October, comes as a... 

South Africa’s gold CEOs ready for mergers as prices decline

By: Bloomberg South Africa’s gold miners are ready for mergers and acquisitions (M&As) as the falling price of bullion forces companies to cut costs and repay debt. “Maybe there’s some smart consolidation that can take place on a regional basis,” says Sibanye Gold CEO Neal Froneman. “I think there will be. I... 

Sibanye maintains FY output guidance

By: Creamer Media Reporter Gold miner Sibanye Gold has maintained its output guidance for 2014 at 1.61-million ounces. The company, which would release an operating update for the third quarter on October 28, on Tuesday said total cash costs for the year to end December 31 would be about $850/oz, while all-in sustaining... 

Rebranding Teba says its mission now is ‘more about human potential wherever we find it’

By: Chantelle Kotze The long-standing Teba Limited business, which recruits and manages local and foreign labour for South Africa’s mining industry, has changed its approach from being an inward-looking company to one that proactively provides various services to mines, mineworkers and their families.  

Several platinum opportunities already abandoned - Sibanye Gold

By: Martin Creamer A number of platinum opportunities had been pursued and several abandoned as they did not meet the required investment criteria, Sibanye Gold CEO Neal Froneman said on Tuesday. Froneman told the Denver Gold Show in the US that entry into the platinum industry did not qualify as a strategic... 

Agricultural Equipment Critical to Emerging Farmer’s Growth

Deputy Finance Minister Mcebisi Jonas recently stressed that growth in the agricultural sector must become more formidable and contribute to the country's gross domestic product. With an 8.5% growth in agricultural production achieved in 2013 year-on-year, it appears the sector is on track to... 

Miners pouring millions into education and training 

By: Anine Vermeulen Education and training are integral to South Africa’s mining sector and contribute to the industry’s objective to be safer and more profitable, which is why mining majors continue to invest millions of rands in education and skills training. However, the investment does not always yield the... 

Miners pouring millions into education and training, but results not always in line with expectations 

By: Anine Vermeulen Education and training are integral to South Africa’s mining sector and contribute towards the industry’s objective to be safer and more profitable. While mining majors, such as Anglo American Platinum (Amplats) continue to invest millions of rands in education and skills training in the sector,... 

Teba moves to change its position in the marketplace

By: Chantelle Kotze The long-standing Teba Limited business, which recruits and manages local and foreign labour for South Africa’s mining industry, has changed its approach from being an inward-looking company to one that proactively provides various services to mines, mineworkers and their families. At a media... 

Resources Watch

By: Creamer Media Reporter AMCU knocking on door at Northam’s Zondereinde platinum mine. Sibanye Gold negotiating new work shift arrangements with unions. And, black-owned Merafe’s ferrochrome company entering sweet spot. 

Resources Watch

Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. Bushveld Minerals moves fast to enter the buzzing vanadium market. New model holiday-working labour puts RBPlat on productivity high. Sibanye Gold... 

Sibanye negotiating new work shift arrangements with unions

By: Martin Creamer South Africa-focused gold-mining company Sibanye Gold is negotiating new working shift arrangements with its labour unions to allow migrant workers to return home more frequently and simultaneously facilitate the sweating of assets by increasing the number of days worked a year. The JSE- and... 

Sibanye donates R25m to Wits and UJ, to spend R325m on education and training this year

By: Chantelle Kotze South African gold producer Sibanye Gold donated R25-million to the universities of Johannesburg (UJ) and Witwatersrand (Wits) towards mining and engineering education at an official handover ceremony held last month at its training academy in Westonaria. 

Sibanye Gold begins intensive search for appropriate mining technology

By: Martin Creamer Gold-mining company Sibanye Gold has begun an intensive search for appropriate technology to make the work of mining safer, easier and more productive. The JSE- and NYSE-listed company has mandated highly experienced mining operational executive and mechanical engineer Peter Turner to drive what... 

Sibanye expects higher H1 EPS

By: Leandi Kolver Gold miner Sibanye Gold on Friday said its earnings per share (EPS) for the six months ended June 30, were expected to be between 65c and 75c, while headline earnings per share (HEPS) was expected to be between 75c and 85c, based on an estimated 772.7-million weighted average ordinary shares. The... 

Tenova awarded Sibanye tailings retreatment DFS contract

By: Leandi Kolver Integrated solutions provider Tenova Mining & Minerals South Africa has been awarded the definitive feasibility study (DFS) contract for gold miner Sibanye Gold’s West Rand tailings retreatment project (WRTRP). The WRTRP involved the construction of a large-scale central processing plant (CPP)... 

Noko suggests more frequent home visits for migrant miners

By: Martin Creamer Consideration should be given to the restructuring of shifts to allow migrant mineworkers from distant areas to go home more frequently, says AngloGold Ashanti executive VP sustainability David Noko. Noko, who has headed AngloGold’s social and sustainable development portfolio since June 2012,... 

Kumba shines at tournament

By: Chantelle Kotze Anglo American division, Kumba Iron Ore (Kumba) performed exceptionally well this year at the Inter Mines Group Associated Sports (IMGAS) Tournament, hosted by the iron-ore miner at Konka, in Rustenburg, last month. 

Sibanye to grow uranium output as volatile market improves

By: Natasha Odendaal As gold producer Sibanye Gold moved to optimise its gold resources through the incremental increase in production of uranium, the company could position itself to take advantage of a growing global uranium industry. With existing underground and surface infrastructure in place at its newly... 

Sibanye eyes platinum opportunities as sector overdue for consolidation

By: Natasha Odendaal As South Africa’s top three platinum producers deal with the country’s longest and most costly labour unrest, JSE- and NYSE-listed Sibanye Gold CEO Neal Froneman on Wednesday said the platinum industry was now ripe for – and in fact needed – consolidation. Beleaguered platinum majors Lonmin,... 

Acquisitions boost Sibanye’s gold reserves 65%

By: Natasha Odendaal Gold producer Sibanye Gold on Wednesday announced a 65% hike in its gold reserves to 32.7-million ounces, and its gold resources to 128.7-million ounces, after absorbing its two latest acquisitions, Cooke and Wits Gold. Sibanye VP of Mineral Resources and Mine Planning Gerhard van Vuuren said... 

Sibanye sells first uranium to nuclear fuels corporation

By: Martin Creamer Gold miner Sibanye Gold has sold its first consignment of uranium to the Nuclear Fuels Corporation (Nufcor), where the 10 t of ammonium diuranate will be calcined into uranium oxide (U3O8). Nufcor is a wholly-owned subsidiary of AngloGold Ashanti and provides an upgrading toll-treating facility... 

Sibanye refinancing demonstrates local and global partnership opportunities

By: Leandi Kolver The success of gold miner Sibanye Gold’s R4.5-billion bridging loan refinancing, in December last year, demonstrates the opportunities and value that can be unlocked for African organisations through synergistic partnerships between local and global financial institutions, Nedbank Capital head of... 

Sibanye seen as likely buyer for Anglo's ageing platinum mines

By: Reuters If Anglo American pushes ahead to divest underperforming platinum assets, a sale to a small South African company that specialises in squeezing profit out of mines nearing the end of their lives is seen as the most likely option. Anglo American's platinum unit Anglo American Platinum (Amplats)... 

Gold miner announces first uranium reserve

By: David D‘ Oliveira JSE- and NYSE-listed gold mining company Sibanye Gold has announced a total uranium mineral resource of 418.5-million tons, containing 68.8-million pounds of uranium, with a mineral reserve of 406-million tons containing 43.2-million pounds of uranium. The results, published in February, reflect... 

Ventilation event highlights energy optimisation at deep-level mines

By: Pimani Baloyi The energy efficiency of ventilation and cooling systems installed at deep-level mining operations will be a central theme of the tenth International Mine Ventilation Congress (IMVC), reports local organising committee (LOC) chairperson Frank von Glehn. The theme of this year's conference, which... 

Sibanye Gold output not impacted by SA rolling electricity blackouts

By: Henry Lazenby JSE- and NYSE-listed miner Sibanye Gold on Thursday said that despite South African electricity utility Eskom’s request to reduce its power consumption by 10%, Sibanye did not expect any production losses. The company, which was last year spun out of gold major Gold Fields and was entrusted with... 

New intelligence firm has wherewithal to probe illegal mining scourge – Njeje

By: Martin Creamer The new intelligence firm made up of the who’s who of South Africa’s intelligence fraternity had the wherewithal to probe the supply chain of South Africa’s illegal mining scourge, said Foresight Advisory Services executive chairperson Gibson Njeje. Njeje, who launched the company on the eve of... 

Proposed gold sector strike unprotected by Labour Court

By: David D‘ Oliveira The Association of Metalworkers and Construction Union (AMCU) will appear in court next month to appeal the judgment that declared the union’s planned gold sector strike unprotected. The judgment was handed down on January 20 by Judge Edwin Malahlegi, on behalf of Judge Hamilton Cele, who said... 

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