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Much progress in mineworker housing delivery but more needs to be done 

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently settle in mining towns, but prefer to maintain their homes in the rural areas and return to them, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as... 

Much progress in mineworker housing delivery but more needs to be done

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently move to mining towns, but prefer to maintain and return to their homes in rural areas, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as urban home... 

Busiest project bidding period ever – ELB

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Platinum price determination mysteries remain as already shrunken supply heads for greater decline

By: Martin Creamer     16th June 2017 The vagaries of platinum price determination – particularly in futures markets – remain somewhat mysterious and disappointingly opaque, with a futures market record pointing to negligible near-term trading, but hectic futures trading.  

Tete steel project BFS near completion

By: Nadine James     9th June 2017 SRK Consulting South Africa, a firm of consulting engineers and scientists, has completed its share of work on the bankable feasibility study (BFS) for the Tete iron-ore mining and steelmaking project, in Mozambique. The BFS for the project, which is expected to start production in the first half... 

Hwange colliery seeks to cut workforce by half

By: Bloomberg     7th June 2017 Hwange Colliery Company Limited (HCCL) plans to reduce its workforce by as much as half and will restart underground operations in the third quarter as the Zimbabwean miner seeks to reduce costs and return to profitability. HCCL began a voluntary severance program in March and about 200 staff... 

Premier African Minerals declares maiden resource at Zulu lithium project

By: Megan van Wyngaardt     6th June 2017 Aim-listed miner Premier African Minerals has declared a maiden inferred resource at its wholly-owned Zulu lithium and tantalum project in Zimbabwe, with an estimated resource of 20.1-million tonnes grading at 1.06% lithium oxide (Li2O) and 51 parts per million tantalum pentoxide, using a cut-off... 

Zimbabwe approves Australian junior’s lithium project

By: Megan van Wyngaardt     5th June 2017 Australia-listed Prospect Resources has received approval for its environmental impact assessment and investment licence for its Arcadia lithium project, in Zimbabwe. The company described the approval from the Environmental Management Agency (EMA) of Zimbabwe and the Zimbabwe Investment... 

Pallinghurst scores as Jupiter dishes out $25m more

By: Martin Creamer     5th June 2017 Pallinghurst mining company Jupiter Mines on Monday announced that it would make a further $25-million distribution to its shareholders in September. The Johannesburg Stock Exchange-listed Pallinghurst, which is an 18.43% shareholder in Jupiter, expects to receive a further distribution of... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR) in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from Earth observation (EO) satellites, to support the... 

Intermodal terminals benefit emerging smaller players

By: Robyn Wilkinson     2nd June 2017 Market response to the newly established intermodal terminals in Elandsfontein, Gauteng, and Musina, Limpopo has been positive; however, industry still perceives the use of rail as a challenge. 

Revised plan, operational improvement, investment increase production

     2nd June 2017 Natural resources producer Eurasian Resources Group (ERG) is making strides towards its “ambitious turnaround programme”, regarding its African copper/cobalt assets, announcing a year-on-year increase in its Frontier copper mine’s production. Frontier, in the Democratic Republic of the Congo... 

Carlyle's $700m Africa fund is eyeing two deals in Egypt

By: Bloomberg     1st June 2017 Carlyle Group, one of the world’s largest private equity firms, sees two buying opportunities in Egypt this year after a commodity rout depressed prices in the region. The Washington, DC-based investor’s $700-million Sub-Saharan Africa Fund will spend between $30-million and $100-million on each,... 

Vast gains approval needed to secure funding for Romania projects

By: Creamer Media Reporter      30th May 2017 The Reserve Bank of Zimbabwe (RBZ) has given the necessary approval for the disposal by Aim-listed Vast Resources of noncontrolling interests in the Pickstone-Peerless gold mine and the Giant gold project, in Zimbabwe. In January, Vast entered into an agreement with SSCG Africa Holdings (SSA),... 

At least eight illegal miners die after mine shaft collapses in Zimbabwe

By: News24Wire      29th May 2017 At least eight illegal miners have been confirmed dead in Zimbabwe after a mine shaft they were working in collapsed. The state-run ZBC is reporting that at least four of the miners were above ground at Big Mine, but were sucked into the collapsing shaft. 

Premier’s RHA mine ships first concentrate

By: Natasha Odendaal     25th May 2017 Multicommodity resource and development company Premier African Minerals is preparing to mark its first shipment of wolframite concentrate from the newly upgraded plant at its RHA tungsten mine, in Zimbabwe, to Durban, South Africa. This followed the Aim-listed group’s receipt of all the required... 

Caledonia pursues listing on NYSE

By: Megan van Wyngaardt     24th May 2017 Caledonia Mining, which is listed on the Aim market of the LSE, as well as the OTCQX and TSX, on Wednesday said it was now seeking a fourth listing on the NYSE MKT. The gold miner, which owns 49% of the Blanket mine, in Zimbabwe, believes the listing will increase trading liquidity, while... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

ASA reports mixed Q4 performance

By: Megan van Wyngaardt     19th May 2017 Aim-listed ASA Resource Group on Friday reported an increase in earnings before interest, taxes, depreciation and amortisation to $20.5-million for the fourth quarter ended March 31, against a loss of $300 000 in the three months to March 31, 2016. This improvement came despite lower production... 

Authorities 'rely heavily' on info from illegal miners after gas explosion

By: News24Wire      19th May 2017 Authorities say they have relied heavily on the information from illegal miners at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Friday that the search was still continuing. 

Zimbabwe plans 'use it or lose it' mine-permit programme for gold

By: Bloomberg     19th May 2017 Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country’s Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.... 

On-The-Air (19/05/2017) 

By: Martin Creamer     19th May 2017 Zimbabwe’s Ministry of Mines has fallen in love with South Africa’s new platinum technology, which it is adopting, lock, stock and barrel; The Royal Mint this week announced the production of its first platinum products; and Financial problems have forced a second South African diamond mine to be... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Search continues for more illegal miners trapped at Welkom mine

By: News24Wire      18th May 2017 The search for the bodies of more illegal miners is continuing at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Thursday that police believed there were more miners underground. 

Mining resumes at Blanket mine following fatality

By: Megan van Wyngaardt     15th May 2017 Mining activities at a section of TSX- and Aim-listed Caledonia Mining’s Blanket mine, in Zimbabwe, resumed on Monday morning. All activities at the Eroica orebody, which contributed 10% of production in the first quarter, had been halted at the weekend, pending a full risk assessment and on site... 

Drill the SmartROC way

     12th May 2017 Atlas Copco’s automated SmartROC Down-The-Hole and Top Hammer drill rigs have transformed the drilling procedure. Equipped with smart technology, these rigs help to drive down operational and maintenance costs, drive up efficiencies, increase safety and reduce carbon footprints for sustainable... 

Caledonia lifts Q1 production, earnings

By: Megan van Wyngaardt     11th May 2017 Increased tonnes milled, higher grades and improved recoveries have lifted the first-quarter production of Caledonia Mining’s Blanket mine, in Zimbabwe, to 12 794 oz from the 10 822 oz produced in the first quarter of last year. CEO Steve Curtis highlighted that the increased production also... 

Palladium set to overtake platinum – GFMS

By: Martin Creamer     9th May 2017 The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017. The price gap between platinum and palladium – which averaged just over $1 000/oz between 2007 and 2012 –... 

Precipitous platinum price plunge putting industry at risk 

By: Martin Creamer     5th May 2017 This week’s precipitous platinum price plunge to as low as $893/oz is putting the entire platinum industry at risk, making it essential that steady hands are placed on the tiller to ensure that a national patrimony is protected. While the entire industry has been accepting a lower-for-longer... 

Caledonia declares dividend, increases gold output 18% year-on-year

By: Ilan Solomons     5th May 2017 Caledonia Mining Corporation, in line with its dividend policy, has declared a dividend of  $0.01375 on each of the company’s common shares. Caledonia CEO Steve Curtis points out that notwithstanding a record level of capital investment in 2016 and the continued volatility in the gold price, the... 

Claim ownership-related disputes costing Zim gold miners $5m each month

By: Oscar Nkala     5th May 2017 Small-scale gold miners in Zimbabwe are incurring an estimated $5 million each month in lost production, owing to disputes over the ownership of mining claims. In terms of the Mines and Minerals Act, no mining can take place on a disputed mining claim until the issue of its ownership is resolved.... 

Premier African Minerals ships first wolframite from RHA mine

By: Megan van Wyngaardt     3rd May 2017 The commissioning of Aim-listed Premier African Minerals’s RHA tungsten mine, in Zimbabwe, is on track, with the first shipment of wolframite concentrate completed at the start of this month.  CEO George Roach on Wednesday noted that the plant’s X-ray transmission sorter was exceeding... 

ASA Resources appoints new board, management members to improve group structure

By: Megan van Wyngaardt     2nd May 2017 Following the recent dismissal of its CEO and FD over alleged financial irregularities, Aim-listed ASA Resource Group, is further consolidating its structure. This encompassed the removal of nonexecutive director Yuan Hu Ching, an appointee of China International Mining Group Corporation (CIMGC),... 

Mark Davis

By: Ilan Solomons     28th April 2017 This week we feature Mark Davis, the CEO of Master Blaster, a company that provides alternative blasting solutions to the mining industry 

Mining consulting outlook stable to positive – consultancy

By: Nadine James     28th April 2017 The short-term outlook for the mining consulting industry is “stable to positive”, says SRK Consulting, a firm of consulting engineers and scientists. SRK partner and principal consultant Andrew van Zyl stresses that the South African economy is still in a transitional phase which – combined with... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

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