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Ilan Solomons

Ilan Solomons

Ilan Solomons is a Creamer Media Contributing Editor for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

By Ilan Solomons

MAKING IT OFFICIAL ELB CE Dr Stephen Meijers and ENFI VP Wei Jiaming signing partnership agreement to formalise companies’ long standing working relationship

ELB, ENFI team up to advance joint interests in rest of Africa

3rd March 2017

South African engineered solutions provider ELB Engineering Services and Chinese engineering company ENFI Engineering Corporation have signed a strategic partnership agreement to tackle mineral and... 


MIKE SEEGER Coal miners are facing ‘severe challenges’ in raising the capital they require, as coal is not viewed as an attractive investment proposition for many traditional investors

'Coal is critical for Africa's development'

3rd March 2017

Coal is required for the industrialisation of Africa, particularly as several African countries are experiencing significant development and expansion of their industrial sectors, says mining... 


RODRIGO ECHEVERRI By 2025 demand for South African coal into the rest of Africa will increase significantly to 31-million tons, reaching 38-million tons by 2030

Africa, Middle East seen emerging as biggest importers of South African coal

3rd March 2017

In 2016, 50% of South Africa’s 73-million tons of export coal was delivered to South Asian countries with Africa receiving only four-million tons of South African produced coal. However, it is... 


COST ADVANTAGE
A major positive factor in the likely growth of coal use in Egypt’s energy mix relates to the fact that it is a low cost source of electricity production

Coal punted as 'possible solution' to Egypt's power challenges

3rd March 2017

With Egypt’s energy consumption increasing at about 7% a year, along with its low crude oil and gas production rates, coal-fired power generation is increasingly being touted as a possible solution... 


SOARING SALES Rough diamond sales increased by 37% year-on-year to $5.6-billion owing to a 50% increase in consolidated sales volumes of 30-million carats in 2016

De Beers revenue up 30% to $6.1bn on stronger demand

3rd March 2017

Higher revenues contributed to a 42% improvement year-on-year in diamond miner De Beers’ underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) to $1.4-billion in 2016.... 


FOCUSED CAPITAL Anglo American is aiming to have capital expenditure maintained at $2.5-billion and stay-in-business capital increased to $1.2-billion in 2017

Anglo exceeds target as 2016 net debt declines to $8.5bn

3rd March 2017

Diversified miner Anglo American is this year seeking an additional $1-billion in incremental net cost and volume improvements, while also aiming to return to an investment-grade credit rating and... 


EASTERN BASIN TREATMENT PLANT The high-density sludge treatment plant IS running at about 85% of its 108 Mℓ/d capacity, thereby treating around 94 Mℓ/d of acid mine drainage

Eastern basin AMD plant lauded for success achieved since coming on stream in June 2016

3rd March 2017

Water and Sanitation Minister Nomvula Mokonyane has lauded the successes achieved by the Eastern Basin acid mine drainage (AMD) treatment plant, located in the town of Springs, in Gauteng, since it... 


WITHHOLDING DIVIDENDS Owing to Impala Platinum’s continued ‘cash conservation strategy’ its had resolved not to declare an interim dividend

Implats posts R318m in six months to December

3rd March 2017

Platinum miner Impala Platinum (Implats) has recorded a gross loss of R318-million for the six months to December 31, a significant increase on the loss of R40-million recorded in the six months to... 


Demonstrators outside MPRDA Amendment Bill hearing, in Johannesburg

MPRDA Amendment Bill to propel ‘radical economic transformation’

2nd March 2017

Radical economic transformation is a key driving force behind the creation of the Mineral and Petroleum Resources Development Amendment Act (MPRDA) Amendment Bill, says Department of Mineral... 


TIM CLARK The Chinese economy is expected to grow by 6.5% in 2017 and 6.3% in 2018, which is promising sign for the global mining industry

Global mining-sector resurgence predicted

24th February 2017

Given that the global economy is expected to grow by 3.4% this year and 3.5% in 2018, the health of global macroeconomics is good, which bodes well for a resurgence in the global mining industry... 


CONCENTRATE CONSTERNATION Zambia’s concentrate production does not meet processing capacity as some of its smelters are in ramp up phase

Zambia dumps copper concentrate import tariff

24th February 2017

The Zambia Chamber of Mines (ZCM) has welcomed the removal of 7.5% import duty on copper concentrates following a recent statement by Finance Minister Felix Mutati. This was preceded by months of... 


DANIEL MAJOR
Recently the US and a number of European have indicated their intention to introduce new and/or bolster their existing nuclear energy supply

Uranium prices ‘are turning the corner’ – Canadian developer

24th February 2017

Despite the uranium prices remaining weak, Canadian mineral resources company GoviEx Uranium CEO Daniel Major believes that they are turning the corner and is optimistic about more price... 


Impala Platinum acting CEO Gerhard Potgieter

Hefty H1 losses paint depressed picture for Implats

23rd February 2017

Platinum miner Impala Platinum (Implats) has recorded a gross loss of R318-million for the six months to December 31, a significant increase on the loss of R40-million recorded in the six months to... 


De Beers results benefited from cost-saving programmes, portfolio changes and the impact of favourable exchange rates as unit costs decreased by 19%

De Beers lifts FY16 underlying Ebitda by 42%

21st February 2017

Higher revenues contributed to a 42% improvement year-on-year in diamond miner De Beers’ underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) to $1.4-billion in 2016.... 


Anglo American is aiming to have capital expenditure maintained at $2.5-billion and stay-in-business capital increased to $1.2-billion in 2017

Anglo targets further $1bn in cost, volume improvements in 2017

21st February 2017

Diversified miner Anglo American is this year seeking an additional $1-billion in incremental net cost and volume improvements, while also aiming to return to an investment-grade credit rating and... 


Mokonyane gives thumbs-up as Eastern Basin plant treats 94 Mℓ/d of AMD

Mokonyane gives thumbs-up as Eastern Basin plant treats 94 Mℓ/d of AMD

17th February 2017

Water and Sanitation Minister Nomvula Mokonyane has lauded the successes achieved at the Eastern Basin acid mine drainage (AMD) treatment plant, in Springs, in Gauteng. The R1-billion plant, which... 


MAJID ZAHID Power generation and supply is a part of mines operations that could make significant adjustments to their capital expenditure

Temporary power solutions touted as cost-effective option for mines

17th February 2017

The global mining industry is enduring a period of great uncertainty. In the face of extreme market volatility, stagnant commodity prices, weak demand for products and suppressed levels of economic... 


FATIMA HARAM-ACYL
The AU’s Agenda 2063 ‘clearly and specifically’ calls for coordinated, coherent and harmonised approaches in harnessing Africa’s mineral resources

Streamlined, transparent system key to unlocking Africa’s mineral resources value – AU

17th February 2017

It is vitally important that African mining industry stakeholders start initiating dialogue towards building a more well governed and progressive minerals sector that will contribute to the... 


TRUMP FACTOR
While still only the early days of the Trump administration, it has to date resulted in a ‘tumultuous’ period in global economic activity

Trump’s shadow loomed large at Mining Indaba as potential FDI positives predicted

17th February 2017

The uncertainties surrounding geo-economic trends including Brexit, Donald Trump wining the US elections and increasing efforts by China to dominate the global economy may not bode well for global... 


FUEL CELL POWERED FORK LIFT Fuel cell technology is a ‘glaring’ way in which an increase in demand for platinum can be realised

Analyst bemoans beneficiation tardiness, warns South Africa could lose out

10th February 2017

The process of beneficiation of minerals in South Africa and the dialogue around it has been taking place for years, however, platinum beneficiation has been taking place at a “snail’s pace”,... 


JOINING HANDS
Honda’s Toshiaki Mikoshiba and GM’s Mark Reuss showcase their jointly developed next generation fuel cell stack system

GM, Honda in JV to manufacture hydrogen fuel cell systems

10th February 2017

US multinational corporation General Motors (GM) and Japanese multinational corporation Honda last week announced the establishment of the automotive industry's first manufacturing joint venture... 


SECRET TO SUCCESS Niche mining operations, focused on quality, high interest gravel extraction and processing are needed to successfully exploit the Middle Orange River diamond deposits

A ‘lean, mean’ structure and less burdensome laws key to successful mining of Middle Orange River diamond deposits

10th February 2017

The Middle Orange River (MOR) alluvial diamond deposits between Hopetown, Douglas and Prieska, along with deposits along the Riet and Vaal rivers, in the Northern Cape, represent three unique sinks... 


Altaaqa Global chief commercial officer Majid Zahid

Temporary power solutions touted as cost-effective option for mines

9th February 2017

The global mining industry is enduring a period of great uncertainty. In the face of extreme market volatility, stagnant commodity prices, weak demand and suppressed levels of economic growth in... 


Parties recommit to AMV Compact, Mbeki praises initiative’s aims

9th February 2017

Delegates at a policy dialogue forum during the 2017 Investing in African Mining Indaba heard strong re-endorsements from public and private sector speakers for the Africa Mining Vision (AMV)... 


SRK Consulting partner and principal consultant Andrew van Zyl

Collaboration, inclusiveness among key themes at 2017 Mining Indaba

9th February 2017

There are signs of hope for recovery in some commodities, owing to recent price improvement, which has lent a more upbeat tone to this year’s Investing in African Mining Indaba, in Cape Town.... 


Global uncertainties to drive FDI in Africa’s mining sector

9th February 2017

The uncertainties surrounding geo-economic trends, including Brexit, Donald Trump’s election as US President and increasing efforts by China to dominate the global economy, may not bode well for... 


African Union Commission trade and industry commissioner Fatima Haram Acyl

Streamlined, transparent system needed to unlock Africa’s mineral resources value – AU

8th February 2017

It is vitally important that African mining industry stakeholders start initiating dialogue towards building a more well governed and progressive minerals sector that will contribute to the... 


Satellite platform to increase bandwidth efficiency by up to 50% for mines in remote areas

8th February 2017

Pan-African telecommunications group Liquid Telecom has deployed its first Mx-DMA satellite link to a mining company in Africa, the company announced during a presentation at the Investing in... 


Locally developed pelletising technology set for commercial roll-out

8th February 2017

Engineering company CoalTech has successfully established a 10 000 t/m coal pelletising and curing plant, in eMalahleni, Mpumalanga. Having initially launched its pelletising technology at the 2016... 


Master Drilling readies for international roll-out of new horizontal raiseboring technology

Master Drilling readies for international roll-out of new horizontal raiseboring technology

7th February 2017

JSE-listed drilling services provider Master Drilling announced at the Investing in African Mining Indaba on Tuesday that its horizontal raiseboring (HRB) technology is ready for international... 


Forevermark brand expanding customer base globally

Forevermark brand expanding customer base globally

7th February 2017

The response to the Forevermark diamond brand has been “just great” in the past three years, which is, to a significant degree, attributable to the brand’s promise of authenticity, quality,... 


Technology advancement improves project efficiencies, says WorleyParsons

7th February 2017

As engineering company WorleyParsons’ global centre of excellence for mining, WorleyParsons RSA expends a substantial amount of energy and resources on developing advanced solutions for its... 


Babcock to launch new equipment, says customers upbeat about 2017

7th February 2017

Engineering support services company Babcock will, during the course of this year, launch new “ground-breaking construction equipment”. “Babcock is renowned and respected for delivering... 


Randgold Resources CEO Dr Mark Bristow

Randgold proposes 52% dividend-payout increase as FY16 profits rise 38%

6th February 2017

Africa-focused Randgold Resources has increased production for the sixth consecutive year in 2016, while reducing total cash cost per ounce, and remains upbeat about its future prospects despite... 


Junior coal terminal raising capacity, Transnet forges ahead with Waterberg programme

6th February 2017

RBT-Grindrod Terminals is ramping up its coal export capacity to 3.6-million tons of coal. RBT-Grindrod, a joint venture between Grindrod and RBT Resources, offers a fully mechanised, brownfield... 


Pakistan could provide expanded coal export opportunities for South African mines

6th February 2017

Pakistan is planning to increase its coal-fired power station fleet to alleviate electricity constraints, and is eyeing South African coal as a potential supplier to meet its growing coal... 


Domestic coal sales becoming more important than export market – Prevost

6th February 2017

South Africa’s coal exports are dwindling to the point where it will become a minimal part of the market, says XMP Consulting senior coal analyst Xavier Prevost. Speaking at IHS Markit’s 2017 South... 


GoviEx Uranium CEO Daniel Major

Despite subdued uranium prices, GoviEx remains upbeat about industry’s prospects

6th February 2017

Although uranium prices remain weak, Canadian mineral resources company GoviEx Uranium CEO Daniel Major believes they are turning the corner. Speaking to Mining Weekly Online on the sidelines of... 


Xavier Prevost

While coal remains important, its future is uncertain – Prevost

3rd February 2017

Although the world still needs coal, particularly for power generation, it is an unloved commodity that is facing a myriad of challenges from different forces, says XMP Consulting senior coal... 


Eskom not solely focused on short-term contracts, says exec

3rd February 2017

Eskom fuel sourcing acting GM Ayanda Nteta has rebuffed claims that the power utility’s procurement policies are centred on short-term contracts, or spot market deals. Speaking at the IHS Markit... 


INCREASED SIGNIFICANCE Over the past three years, between 30% and 40% of mining companies worldwide have increased the amount they spent on information technology

Digital transformation now a top priority for mines worldwide – analyst

3rd February 2017

There is a growing recognition among mining companies globally that the adoption of new technologies will play a vital role in how their operations function in future, states research and... 


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