Global Mining News in real time

Coal workers down tools in South Africa, gold miners to follow

By: Brindaveni Naidoo As South African coal workers walked off the job this weekend to demand higher wages, power utility Eskom said on Monday that it had contingency plans in place, but that a protracted strike could risk power supply. Wage negotiations in the coal sector reached a deadlock last week, as employers... 

SA union plans strike after coal talks deadlock

By: Liezel Hill More than 150 000 coal miners belonging to South Africa's powerful National Union of Mineworkers may go on strike after wage negotiations with representatives of the country's Chamber of Mines “reached a stalemate”, the union said late on Wednesday. The parties had held talks mediated by the... 

Company Announcement: Xstrata Coal and NSW mining industry support tomorrow's miners

Attached please find a press release on: The next generation of Hunter mining professionals are being backed by the industry to dig into a minerals related degree. 

Coal miners offer workers 4.2% to 4.5% wage increase

By: Mariaan Webb South African coal-mining companies have offered their lowest paid workers a 4.5% wage increase and all other employees a 4.2% pay rise, Chamber of Mines (CoM) negotiator Dr Frans Barker said on Tuesday. The offer, which is in line with South Africa’s inflation rate, is well below the wage... 

NUM rejects 4% gold sector pay offer

By: Brindaveni Naidoo The National Union of Mineworkers (NUM) said on Monday that the Chamber of Mines (CoM) had offered employees in the gold sector a 4% wage increase. The union is demanding a 14% wage hike from the CoM, which represents AngloGold Ashanti, Gold Fields, Harmony and Rand Uranium in the gold... 

Xstrata's Wandoan project gets Federal approval

By: Esmarie Swanepoel he coal division of diversified miner Xstrata has received conditional environmental approval from the Commonwealth government for its Wandoan coal project, in Queensland’s Surat Basin. The approval covers the construction and operation of an opencut coal mine and the supporting infrastructure... 

ARM’s six-month profit soars 244% to R1,5bn

By: Martin Creamer The headline earnings of JSE-listed diversified miner African Rainbow Minerals (ARM) increased 244% to R1 562-million in the six months to December 31, driven mainly by better dollar commodity prices. ARM, headed by executive chairperson Patrice Motsepe, is an investor iron-ore, manganese,... 

Company Announcement: Memo – Eclipse Supplier Awareness

Attached please find a press release on: In the current tough economic environment it is essential that innovative ways of driving value are continuously explored.  

Xstrata declares force majeure at NSW coal operation

By: Esmarie Swanepoel The coal division of diversified miner Xstrata has declared a force majeure on certain of its customer vessels at the Ulan coal operation, in New South Wales. Spokesperson James Rickards told Mining Weekly Online that production was interrupted at the Ulan mine as a result of underground water,... 

Xstrata says fire at NSW mine extinguished

By: Esmarie Swanepoel Diversified miner Xstrata has extinguished an underground fire at its Blakefield South operation over the weekend, a company spokesperson told Mining Weekly Online on Monday. The fire, which broke out last week, forced Xstrata to cease production at the 7,5-million-ton a year operation in New... 

Xstrata invests A$1,4bn in NSW coal mine

By: Mariaan Webb Mining group Xstrata expects to start building an eight-million-ton a year coal mine in New South Wales in early 2011, it announced on Tuesday, as its board approved the A$1,4-billion development. The Ravensworth North opencut mine in the Upper Hunter Valley would produce export thermal and... 

Wescoal receives prospecting right for Vlaklaagte

By: Loni Prinsloo JSE-listed Wescoal on Tuesday announced that it was granted a new order prospecting right by the Department of Mineral Resources (DMR) over certain portions of the Vlaklaagte farm near Witbank. Vlaklaagte lies in close proximity to Anglo Coal’s Greenside colliery and Xstrata Coal’s Tweefontein... 

Godsell appointed as Optimum Coal chair

By: Mariaan Webb Former Eskom chairperson and Anglo Ashanti CEO Bobby Godsell has been appointed as chairperson of JSE-listed Optimum Coal with effect from Friday. Godsell has been acting as chairperson since October 25, when Sivi Gounden resigned from the board to focus more of his time on his own company, The... 

Positive outlook for 2011 financial year

The 2011 financial year outlook for engineering company Sedgman looks positive given the record levels of forward orders and targeted projects expected in the period, as well as a forecast improvement in global business conditions, states the company’s report for the 2010 financial year. 

Anglo confident it can ‘wheel' 450 MW from $1bn power project – Mbazima

By: Martin Creamer The thermal coal business of diversified mining major Anglo American will be calling for proposals from independent power producers (IPPs) for a coal-fired power station early in 2011. Currently envisaged is a 450 MW power station at a capital cost of about $1-billion, a step up from the... 

Queensland approves 30Mt/y Xstrata coal project

By: Esmarie Swanepoel Diversified miner Xstrata has received environmental approval from the Queensland state government for its 30-million ton a year Wandoan coal project, Xstrata Coal CEO Peter Freyberg said on Friday. Xstrata is developing the A$6-billion project in a joint venture with ICRA and Sumisho Coal... 

Xstrata now owns nearly 47% of Sphere

By: Esmarie Swanepoel Diversified miner Xstrata’s bid for ASX-listed Sphere Minerals is gaining traction, with another major shareholder, Genesis Investment Management, accepting its offer. Genesis, which holds a 7,98% shareholding in Sphere, on Wednesday instructed its custodian to accept the A$3 a share offered by... 

Xstrata to declare Sphere offer unconditional at 50%

By: Esmarie Swanepoel Swiss-based Xstrata has lowered the level of acceptances needed for its A$428-million offer for Sphere Minerals from 90% to 50%, it reported on Wednesday. The diversified miner, which will expand into iron-ore with the acquisition of the Mauritania-focused Sphere, said that it would declare the... 

Xstrata awards Oaky Creek contract to WDS

By: Esmarie Swanepoel Diversified miner Xstrata has awarded a contract to ASX-listed project house WDS to complete major underground work at the Okay Creek coal complex, in Queensland. WDS CEO Terry Chapman said that the expected revenue from the three-year contract would be around A$100-million, and would include in... 

Optimum Coal restates intention to sell platinum interests

By: Martin Creamer The black-owned JSE-listed Optimum Coal has restated its intention to sell off its interest in two platinum exploration projects. Optimum CEO Mike Teke tells Mining Weekly Online that the company will dispose of both provided the right buyer is forthcoming. 

Foundation adopts new approach to stimulating investment, 
job creation

By: Jonathan Faurie Sustainable development specialists the Africa Foundation for Sustainable Development (AFSD) has assembled a team to take a unique approach to stimulating investment and job creation directly and indirectly in communities affected by commercial mining operations. 

Xstrata extends Sphere offer, says main condition met

By: Esmarie Swanepoel Diversified miner Xstrata is one step closer to buying Australian junior Sphere Minerals after a key condition to the A$428-million takeover has been met. Xstrata told shareholders on Tuesday that the Mauritanian Ministry of Mines and Industry had declared the validity of the El Aouj mining... 

Black-owned Optimum's coal spat with Eskom spills over to 2011

By: Martin Creamer The arbitration case that black-owned JSE-listed coal-mining company Optimum Coal expected to be over in a matter of days has spilled over to March/April 2011. The arbitration, which began in Johannesburg on August 10 "for probable conclusion on August 15 or 16", has now been postponed "by... 

SMPP contract awarded for Actom plant

Structural steel fabricators and erectors Cosira Group has been awarded the complete structural, mechanical, platework and piping (SMPP) supply and erect order for the upgrade of mining giant Xstrata Coal’s Atcom coal handling and preparation plant (CHPP) in Witbank, Johannesburg. 

Xstrata moves into iron-ore with A$428m bid for Sphere

By: Esmarie Swanepoel Zug-based diversified miner Xstrata on Tuesday made a A$428-million cash offer for Sphere Minerals, an Australian junior which owns iron-ore projects in Mauritania. Xstrata Coal CEO Peter Freyberg said that the diversified miner had the financial and technical capabilities to expedite the... 

Hesitant minerals processing equipment market returning

By: Schalk Burger The hesitant market for minerals and metals processing equipment is slowly returning, with users putting significantly more time into researching and evaluating equipment before buying, says process equipment supplier specialist MC Process director Mark Craddock. 

Xstrata says new $1,1bn Australian coal mine to open in 2014

By: Esmarie Swanepoel Diversified resources group Xstrata expects the first coal from its Ulan West underground mine, in New South Wales, in 2014, the miner said on Tuesday, when it announced the approval of $1,1-billion to develop the mine. Construction on the 6,7-million ton a year thermal coal mine, which would... 

Anglo still talking to Eskom on power plant possibility – Carroll

By: Martin Creamer Diversified miner Anglo American was continuing its power discussions with South Africa's State utility, Eskom, on the possibility of a power plant being built that would make use of Anglo's discard coal. Anglo Thermal Coal has large volumes of discard coal, much of it buried under rehabilitated... 

Tahmoor managers threatened in wage talks – Xstrata

By: Esmarie Swanepoel The coal division of diversified miner Xstrata on Monday reported that it had called in the assistance of New South Wales police to deal with threats against senior staff at its Tahmoor operations. The miner said in a statement that a “serious threat” had been made to the personal safety of... 

Miners reviving Australian investment plans on new tax

By: Esmarie Swanepoel Mining companies are starting to revive investment plans in Australia, after the Gillard government revamped a mining tax proposal. Diversified miner Xstrata officially announced on Tuesday that it had restarted a portion of its suspended investment in Queensland, while Rio Tinto reportedly said... 

Black-owned Optimum Coal, Eskom go to arbitration

By: Martin Creamer Black-owned JSE-listed coal-mining company Optimum Coal is to go to arbitration over differing interpretations of a coal supply agreement that it has with Eskom, Optimum CEO Mike Teke told Mining Weekly Online on Monday. Optimum is contracted to supply 5,5-million tons of the 7,3-million tons of... 

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