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Press Office - BME

BME

BME is the leading supplier of explosives to the South African open pit mining and quarrying industry. It offers ground breaking solutions to all its customers and has operations in South Africa, Namibia, Botswana, Zimbabwe, Mali, Swaziland, Sierra Leone, Mauritania, Malawi, Senegal and Zambia. It also trades into Mozambique and the DRC.

Topic

Gloria coal mine death toll rises to 18

By: African News Agency      22nd February 2019 Rescue and body retrieval workers on Friday afternoon brought to the surface 13 more bodies of suspected copper cable thieves from the underground area at Gloria coal mine near Middelburg in Mpumalanga, provincial police spokesman Brigadier Leonard Hlathi said. “The workers could not continue... 

Lucara records strong 2018 operational performance at Karowe mine

By: Tasneem Bulbulia     22nd February 2019 Lucara Diamonds’ Karowe mine, in Botswana, achieved a strong operational performance in 2018, meeting or exceeding guidance in all areas, the company said on Thursday. Tonnes mined for the year ended December 31, 2018, reached 18.1-million, in line with guidance of 15.5-million to 18.7-million... 

COAL COPPER CAPAMITY:

By: Martin Creamer     22nd February 2019 The decline shaft leading into the closed Gloria coal mine near Middelburg, in Mpumalanga, where an underground methane gas explosion killed 13 people thought to have been extracting copper cable that supplied large fans with electrical power. Gloria was placed under business rescue a year ago... 

Energy solutions provide power security for mining industry

By: Khutso Maphatsoe     22nd February 2019 With existing and new mines in remote areas requiring electricity, power generation equipment manufacturer and energy service company Himoinsa’s bespoke and integrated solutions can support mines with a prime or a back-up power system, should there be a electricity outage. “We understand the... 

Guyana Goldfields resumes underground exploration decline construction

By: Creamer Media Reporter      20th February 2019 TSX-listed Guyana Goldfields has resumed construction and development work on an underground exploration decline at its Aurora gold mine, following environmental authorisation from the Guyanese Environmental Protection Agency (EPA). The mine, which has been in commercial operation as an openpit... 

Idaho cobalt project development stalled by weak near-term price outlook

By: Mariaan Webb     20th February 2019 TSX-listed eCobalt Solutions has announced cost control measures to preserve its treasury, until the cobalt market recovers sufficiently to raise the necessary funding required for the advanced-stage Idaho cobalt project (ICP) in the US. The company will be reducing its overhead costs so that... 

Pan African H1 revenue up 52.8% y/y to R1.3bn  

By: Nadine James     20th February 2019 Gold miner Pan African Resources achieved a 52.8% year-on-year increase in revenue for the six months to December 31, 2018, to R1.3-billion. CEO Cobus Loots on Wednesday attributed the higher revenue to an increase in gold production, which rose by 54.2% year-on-year to 81 014 oz on the back of... 

Euro Sun details plan for Romania mine

By: Mariaan Webb     20th February 2019 TSX-listed Euro Sun Mining has completed a preliminary economic assessment (PEA) for the initial phase of development at the Rovina Valley gold/copper project, in Romania, detailing plans to produce 108 000 oz/y of gold and 13.3-million pounds a year of copper, or 139 000 oz/y gold equivalent.... 

Patagonia Gold shares plummet as it shuts mines

By: Creamer Media Reporter      19th February 2019 Argentinian precious metals miner Patagonia Gold has announced the closure of its Lomada de Leiva mine and the idling of the Cap Oeste operation, owing to lower-than-expected production volumes from both operations. The Aim-listed company said on Tuesday that the Lomada de Leiva, which was... 

Platreef weighted basket price reaches three-year high – Ivanhoe

By: Nadine James     19th February 2019 Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the Platreef palladium/platinum/rhodium/nickel/copper/gold project has risen to a new, three-year high.... 

Improved margins drive growth in AngloGold's free cash flow generation 

By: Simone Liedtke     19th February 2019 Gold miner AngloGold Ashanti achieved its guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation, the company announced on Tuesday morning.   The gold miner further declared a dividend of 95c a share, equal to about $0.07.   During... 

Sylvania on track to meet revised FY19 production guidance

By: Simone Liedtke     18th February 2019 Sylvania Platinum CEO Terry McConnachie remains confident that Sylvania will achieve its revised production guidance of between 73 000 oz and 76 000 oz for the full 2019 financial year. The company’s Sylvania Dump Operations (SDO) had achieved only a marginal increase in production to 34 045 oz... 

High-flying Amplats sets ‘next wave of strategy’ in motion 

By: Martin Creamer     18th February 2019 Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and... 

Petra appoints new CEO, narrows H1 net loss 

By: Tasneem Bulbulia     18th February 2019 LSE-listed Petra Diamonds, which on Monday announced the appointment of Richard Duffy as CEO, narrowed its adjusted net loss after tax to $4.5-million for the six months ended December 31, 2018, from the net loss of $7.2-million recorded for the six months to December 31, 2017. Nevertheless,... 

There’s liquidity in gas

18th February 2019 Mozambique is no stranger to mega-projects with large foreign direct investments dating back to the 90’s. Mozambique, through its National Oil Company, has again partnered with International Oil Companies for the development of gas resources discovered in offshore Mozambique. RMB’s Oil and Gas... 

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

Mantashe calls for more security at mines following Gloria coal mine incident 

By: Simone Liedtke     15th February 2019 Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed. He also called for security at mines to... 

Brucejack to ramp up to 3 800 t/d this year

By: Simone Liedtke     15th February 2019 In its first full year of production, dual-listed Pretium Resources has generated almost $200-million in cash from operations, while producing 376 012 oz of gold, president and CEO Joseph Ovsenek reported on Thursday. The intermediate gold producer’s all-in sustaining costs (AISC) for the second... 

Lundin says Portugal project costs revised upward

By: Mariaan Webb     15th February 2019 Canada-headquartered Lundin Mining has announced a new cost estimate for its Neves-Corvo zinc expansion project (ZEP), in Portugal, with costs increasing to €320-million. This compares with an initial approved budget of €256.5-million for the project, which will double the mine’s production to... 

Chinese OEM supports Aury Africa with second major visit

15th February 2019 The parent company of Aury Africa, Dadi Engineering Development Group (DDEDG), holds the African market in such high regard that senior management will pay a second visit to South Africa from 13 to 22 February. The aim of the visit is to engage with potential customers in the mining industry,... 

Proposed Olympic Dam expansion declared ‘major development’

By: Esmarie Iannucci     15th February 2019 Mining giant BHP’s expansion plan at its Olympic Dam project, in South Australia, has seen the project declared a major development by the state government. The proposed $3-billion expansion will increase copper production at Olympic Dam by some 75%, from 200 000 t/y to 350 000 t/y, and will... 

Mantashe to visit Glory coal mine where 22 men are still trapped underground

By: News24Wire      15th February 2019 Mineral Resources Minister Gwede Mantashe is expected to pay a visit to the Gloria coal mine near Middelburg, Mpumalanga, where 22 alleged copper thieves have been trapped and are believed dead following an explosion at the beginning of February. A group of 42 men, reportedly Lesotho nationals,... 

Eagle mine, US

By: Sheila Barradas     15th February 2019 A copper/nickel mine located in the upper peninsula of Michigan. 

Premier agrees to amended terms for KME acquisition, welcomes Ministry’s financial assistance

By: Simone Liedtke     14th February 2019 The board of Aim-listed Premier African Minerals has agreed to amended terms with KME Holdings for the proposed acquisition of KME’s assets and has, in addition, agreed to terms for the acquisition of 50% of the equity in the Zimbabwe-based near-term gold producer Honey Badger Resources (HBR).... 

Complex heavy industrial demolition - from mining to power generation

14th February 2019 From mining facilities to the automotive, chemical and pharmaceutical, petrochemical, power generation, and steel and glass industries, Jet Demolition has both the expertise and equipment to undertake complex heavy industrial demolition projects. The company’s range of services extends beyond... 

Strata’s HazardAvert keeps safety on target

14th February 2019 Of all the technology developed over mining’s history for safety, and even more specifically the safety of workers performing tasks around heavy machinery on an everyday basis, one of the most recent is proximity detection systems. The still-rapidly evolving technology functions seamlessly in... 

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

By: Reuters     14th February 2019 At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. The southern African nation has been working to regulate thousands of people who... 

Increasing mining operation productivity with Haultrax automation solution

14th February 2019 Mining in the same way that has been the norm for the past decade has kept the industry in a state of productivity stagnation. By using automation solutions that leverage the intellectual property of employees, together with the processes and equipment deployed by mining operations, productivity... 

Barrick advancing autonomous gold production – Bristow 

By: Martin Creamer     14th February 2019 Autonomous production systems and projects are being advanced across Barrick Gold as the group focuses on boosting mining efficiency, new Barrick president and CEO Dr Mark Bristow tells Mining Weekly Online. This is part of an all-out drive by Bristow to ensure that Barrick, into which Randgold... 

Pan African Resources expects up to 126% increase in H1 HEPS

By: Marleny Arnoldi     13th February 2019 Aim- and JSE-listed Pan African Resources expects its earnings per share (EPS) for the six months to December 31, 2018, to be between 116% and 126% higher year-on-year at between 6.98c and 7.30c . This compares with the EPS of 3.23c reported for the six months ended December 31, 2017.  

RCT launches Multiple Machine Control option

By: Creamer Media Reporter      13th February 2019 RCT has released the latest advancement to its ControlMaster® automation range in the form of Multiple Machine Control (MMC) also known as Control which enables a single operator to control more than one mining machine at a time. This entirely new operating system is transforming the mining... 

Harmony exploring Target North, Kalgold 

By: Martin Creamer     12th February 2019 Harmony Gold is currently adjudicating a tender for the drilling of the Target North greenfield exploration project in the Free State and is engaged in near mine brownfield exploration at Kalgold in the North West. Harmony Gold CEO Peter Steenkamp on Tuesday described the Target North prospect as... 

Harmony cuts energy consumption, ushering in solar, mulling biofuels  

By: Martin Creamer     12th February 2019 Gold mining and exploration company Harmony Gold is intensifying its efforts to cut electricity consumption to a minimum while also looking at introducing solar power and biofuel energy. CEO Peter Steenkamp said on Tuesday when the company issued its half-year results that Eskom’s problems could... 

NAP defines new exploration targets at Lac des Iles

By: Tasneem Bulbulia     12th February 2019 Recent exploration at North American Palladium’s Lac des Iles Mine (LDI) property, located 90 km north of Thunder Bay, Ontario, has defined seven underground targets in the southern part of the deposit and several discrete near-surface exploration targets, all of which are expected to be drilled... 

Stanmore posts record half-year

By: Esmarie Iannucci     12th February 2019 Coal miner Stanmore Coal has reported a record first half, with revenues increasing by 791% on the previous corresponding period, while gross profits from operations nearly doubled. Stanmore on Tuesday reported that revenue for the first half of the 2019 financial year reached A$148.28-million,... 

Harmony Gold net profit plunges, operational cash soars

By: Martin Creamer     12th February 2019 The net profit of Harmony Gold plunged in the six months to December 31, dropping from R897-million for the corresponding period of last year to R75-million. However, production soared by 34% and operations generated R1.1-billion in free cash flow on the inclusion of the acquired Moab Khotsong... 

Gran Colombia ups stake in Sandspring

By: Creamer Media Reporter      11th February 2019 Midtier miner Gran Colombia has bought an additional 2.5-million shares in TSX-V-listed gold junior Sandspring Resources for a total cash consideration of $528 000. The shares were bought at a price of C$0.28 a share and were acquired for investment purposes, Grand Colombia said on Monday. 

Obuasi development on track for end-2019 gold pour  

By: Marleny Arnoldi     11th February 2019 AngloGold Ashanti’s Obuasi redevelopment project has completed its first week of underground development blasting, as the work to pour first gold by the end of the year gathers momentum. The first blast, on February 1, advanced development by around 4.2 m on the 2 700-level, which is accessed... 

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