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Mining automation, IIoT, raise cyber risk

26th June 2019 Next-generation automation is a double-edged sword for the mining sector, increasing the risk of cyber-attacks jeopardising safety and revenues, warns GECI South African mining operations are set to embrace next-generation automation and Industrial Internet of Things (IIoT) systems to slash costs... 

Northam Breathes New Life Into Eland

26th June 2019 Thumbs-up for Kukama project Northam is pleased to advise its shareholders that mining operations at the Kukama shaft situated at its Eland mine complex will recommence in the new financial year (F2020). 

Omnia to restructure as it seeks to reduce overextended balance sheet 

By: Schalk Burger     25th June 2019 Diversified chemicals group Omnia will, over the next two years, focus on improving the profit margins of its companies’ services and products, ensuring that its assets and investments deliver value, as well as on pursuing international expansion of intellectual property-based businesses that... 

AMSOL employee share scheme creates value

25th June 2019 Around 370 employees of specialist marine solutions provider, African Marine Solutions (AMSOL), are reaping the benefits of a payout created through the company’s employee share ownership scheme (ESOP), with many owning shares for the very first time. The scheme, introduced in 2016, has developed... 

Century expansion options outlined

By: Esmarie Iannucci     25th June 2019 An expansion study at the Century zinc mine, in Queensland, has highlighted the potential for a mine life extension through to mid-2026, ASX-listed New Century Resources has reported. New Century is currently undertaking a tailings operation at the mine, which started in August last year, and is... 

Omnia posts full-year loss on mix of negative drivers

By: Reuters     25th June 2019 Omnia Holdings, a South African chemicals and fertiliser maker, reported a full-year loss on Tuesday as a volatile currency, droughts, changes in the mining industry and difficult global trading conditions dented its business. The company, which also produces explosives, posted a headline loss... 

Pleasing Orion bankable points to fast project payback 

By: Martin Creamer     24th June 2019 Zinc and copper exploration and development company Orion Minerals pleasantly surprised the market on Monday when it announced a bankable feasibility study (BFS) that paves the way for financing, concentrate offtake and mine construction of the Prieska project in the Northern Cape. The BFS... 

Kibo mulls renewables cogeneration opportunities  

By: Simone Liedtke     24th June 2019 In line with its strategy of incorporating long-term renewable energy solutions into its existing coal power projects, Africa-focused Kibo Energy has signed a collaboration agreement with ESS Tech to develop suitable baseload electricity storage solutions. Having recognised the increasing need to... 

Nigerian court adjourns Oando case against securities regulator to 22 July

By: Reuters     24th June 2019 A federal court in Lagos on Monday adjourned until 22 July a case brought by local oil firm Oando to halt management changes the country's securities and exchange commission is trying to enforce. The SEC's action followed an investigation in which it allegedly found evidence of financial... 

India plans incentives for oil, natural gas E&P investors

By: Ajoy K Das     24th June 2019 The Indian government is planning to frame an incentive policy for oil and natural gas exploration and production (E&P) companies. The new policy will incorporate some of the financial incentives discontinued earlier, and the sops extended to E&P companies, even if they fail to bring exploratory... 

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