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Acacia swings to first-quarter loss on operational challenges, lower production

By: Nadine James     25th April 2019 London-listed Acacia Mining, which has various operations in Tanzania, has posted an adjusted net loss of $7-million for the quarter ended March 31, compared with adjusted net earnings of $7-million in the first quarter of 2018. It produced 104 899 oz of gold at an all-in sustaining cost (AISC)... 

Gold worth billions smuggled out of Africa

By: Reuters     24th April 2019 Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1-billion worth of gold... 

Murray & Roberts Cementation wins Palabora contract

19th April 2019 Mining contractor Murray & Roberts Cementation has been awarded a contract by copper miner Palabora Mining Company for a 1 200-m-deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth,... 

Acacia reports 13% lower gold production for the first quarter 

By: Simone Liedtke     15th April 2019 Gold miner Acacia Mining on Monday reported gold production of 104 889 oz for the first quarter of this year, a 13% year-on-year decrease mainly as a result of lower output at the North Mara and Buzwagi mines. Gold ounces sold for the quarter, at 104 985 oz, were, however, in line with production. 

Immersive Technologies Recognizing Excellence in Mining Business Improvement.

By: Creamer Media Reporter      2nd April 2019 Immersive Technologies is pleased to announce the winners of the Global Business Improvement Award 2018. Marking the tenth year in which Immersive Technologies recognizes the most outstanding real results achieved by mining companies utilizing simulation as a key driver in the business... 

Murray & Roberts Cementation Wins Palabora Vent Shaft Contract

25th March 2019 Murray & Roberts Cementation, Africa’s leading mining contractor, has been awarded a contract by Palabora Mining Company for a 1,200 metre deep ventilation shaft. The shaft, with a lined diameter of 8,5 metres, will reach a final blind sink depth of 1,190 metres before a drop raise takes it to... 

M&R Cementation awarded Palabora ventilation shaft contract

By: Marleny Arnoldi     18th March 2019 Mining contractor Murray & Roberts (M&R) Cementation has been awarded a contract by Palabora Mining Company for a 1 200 m deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth.  

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... 

Caterpillar profit misses as trade strains start to bite

By: Bloomberg     28th January 2019 Caterpillar had the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts’... 

Genrec Engineering booms its capabilities in specialist steel fabrication and engineering

By: Creamer Media Reporter      23rd January 2019 Genrec Engineering again demonstrated the depth and extent of its skills and capabilities in steel fabrication and engineering when it successfully repaired a damaged dragline excavator boom in record time for one of South Africa’s leading coal mines. Importantly, this project also marks yet... 

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