R/€ = 16.08 Change: 0.02
R/$ = 14.41 Change: 0.02
Au 1276.46 $/oz Change: 4.31
Pt 884.60 $/oz Change: -6.27


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... 

Fortune finds potential new site for Nico refinery

By: Creamer Media Reporter      24th April 2019 Cobalt project developer Fortune Minerals has entered into an option to buy an alternative site to construct the proposed hydrometallurgical refinery that will process metal concentrates from the planned Nico cobalt/gold/bismuth/copper mine, after the rural municipality of Corman Park last month... 

Vanggatfontein coal deliveries to Eskom interrupted as striking miners dismissed 

By: Simone Liedtke     24th April 2019 Production at Wescoal’s Vanggatfontein mine, in Mpumalanga, will be suspended for six to eight weeks after the mining contractor dismissed its 274 employees at the mine following unlawful industrial action – that turned violent – earlier this month. The mining contractor and Wescoal have, on... 

Mind the gap between finance and engineering in mining and industrial projects

23rd April 2019 By Joe de Klerk, MD at CCSMI – the mining and industrial division of Construction Computer Software (CCS) Mining and industrial organisations need to adopt integrated business solutions that enable them to bridge the gap between their engineering and finance departments if they are to maximise... 

Versatile range of expanded metal products ‘Vital’ to many industries

23rd April 2019 “When it comes to expanded metal products, the only limit to their applications lies within the human imagination,” says Glen Pringle, Technical Director at Vital Engineering. As a manufacturer with some 80 years of experience in the production of expanded metal products, safety hand rails, floor... 

Many companies still procuring unsuitable protective equipment for female mineworkers

By: Nadine James     19th April 2019 The number of women working in the mining sector has increased significantly over the past 17 years, with the numbers growing from 11 400 in 2002 to over 53 100 today, comments female footwear brand Sisi’s senior brand manager Vanessa Ronald. Sisi is one of eight brands under the BBF Safety... 

Vuslat Bayoglu

By: Martin Creamer     19th April 2019 This week Mining Weekly features Vuslat Bayoğlu, the co-founder and MD of Menar, an investment holding company with controlling shareholding and management in Canyon Coal, Zululand Anthracite Colliery, Kangra Coal and Sitatunga Resources 

Hydrogen penny beginning to drop as Anglo seizes mine mobility opportunity using sun power

By: Martin Creamer     19th April 2019 South Africa’s excellent sun intensity and its prime onshore wind corridors put the country in an excellent position to pursue the electrification of almost anything, says the newly published book entitled ‘South Africa’s Energy Transition, A Roadmap to a Decarbonised, low-cost and job-rich... 


19th April 2019 Over the past 30 years the main technological development in brakes for mine hoists has been the replacement of less efficient drum brakes with Hydraulic disc brakes.  At the forefront of this development is the British Company Twiflex. 

Eager black investors fund premium-priced opportunity in zinc, copper 

By: Martin Creamer     17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... 

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