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MC Mining requests repayment period extension from IDC 

By: Simone Liedtke     30th November 2020 Coal miner MC Mining has submitted a formal application to the Industrial Development Corporation (IDC) of South Africa to extend the repayment period for its loan facilities with the institution. The IDC has since acknowledged the application, but no agreement has been reached yet between the... 

MC Mining's Uitkomst returns to steady-state production  

By: Tasneem Bulbulia     30th October 2020 The progressive easing of lockdown measures allowed coal miner MC Mining’s Uitkomst Colliery to return to steady-state production, while international coal prices trended positively during September and October, acting CEO Brenda Berlin said in a statement of the company’s results for the three... 

Equipmake launches new range of F1-bred electric motors for mining applications

8th October 2020 Leading electrification specialist, Equipmake, has readied a range of high performance yet cost-effective advanced electric motors for mining equipment and vehicles, bringing major benefits in terms of power density, low running costs and reduced emissions. Based in Norfolk, UK, Equipmake... 

MC Mining output, sales buckle under lower demand, prices in Q2

By: Marleny Arnoldi     31st July 2020 JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices. The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised... 

IDC agrees to restructure MC Mining loan facility

By: Marleny Arnoldi     6th July 2020 Coal miner MC Mining has concluded a conditional loan restructuring agreement with the Industrial Development Corporation (IDC) of South Africa, which increased the IDC’s project level interest in the Makhado coal project to 6.7%. The company first secured a R240-million loan facility from the... 

Regulatory Framework in the Indian Mining Industry: Evolution & Need for an Enduring Outlook

By: Creamer Media Reporter      18th May 2020 By: Munawwar Naseem, Partner-Dua Associates, Delhi Febin Mathew Varghese, Principal Associate- Dua Associates, Delhi 1. Regulatory regime along with geo-politics play a significant role in the mining sector. Political upheavals and consequent regulatory changes are major factors influencing... 

Investors flee Canada's stock market on worst day in 80 years

By: Bloomberg     13th March 2020 Canadian stocks suffered a stunning 12% drop, the largest in eight decades, as investors size up the likelihood of a global recession because of the coronavirus pandemic. The S&P/TSX Composite Index had its biggest one-day decline since May 1940, according to data compiled by Bloomberg. The 230... 

Renascor ropes in Sicona for battery anode deal

By: Esmarie Iannucci     18th December 2019 Graphite developer Renascor Resources has entered into a non-binding memorandum of understanding (MoU) with battery anode company Sicona to jointly develop battery anode material. Under the terms of the MoU, the two companies will collaborate in the production of next-generation anode materials... 

Machine tools sector preparing local manufacturing for 4IR

By: Tracy Hancock     7th June 2019 Technological advancements in the local machine tools industry will help grow South Africa’s struggling manufacturing sector, says corporate association of manufacturers Manufacturing Circle (MC) executive director Philippa Rodseth. The manufacturing sector’s contribution to South Africa’s gross... 

Rolls-Royce developing advanced aero engine technologies

By: Rebecca Campbell     3rd May 2019 UK industrial technology group Rolls-Royce gives a high priority to research and development (R&D), particularly with regard to aeroengines. “We are focused on pioneering the power that matters and are at the forefront of research into the future of flight,” affirms Rolls-Royce VP Customers:... 

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