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Moody's sees US coal miners' earnings halve this year

By: Mariaan Webb     2nd June 2020 The outlook for the North American coal industry remains negative and earnings for coal miners could fall by more than 50% this year, says Moody’s Investor Service. The ratings agency says the coronavirus pandemic has worsened the outlook for the sector. "Domestic demand for thermal coal for... 

Raubex divisions see return to profitability

By: Simone Liedtke     29th May 2020 Infrastructure development and construction materials supply group Raubex managed to maintain sufficient capacity to participate in any improvement in the sector, while simultaneously undertaking rightsizing initiatives has seen the company’s roads and earthworks division return to profitability.... 

Supplier launches 450 new products 

By: Mamaili Mamaila     27th May 2020 Electrical switchgear supplier ElectroMechanica (EM) launched the latest edition of its product catalogue this year. A new catalogue is launched on average every two years. 

Sierra Metals seeks consent to reopen Peru mine

By: Mariaan Webb     26th May 2020 TSX-listed Sierra Metals is seeking consent to reopen its Yauricocha mine, given its remote location and implementation of strict health protocols. Peru has extended its state of emergency and a nationwide lockdown to fight the Covid-19 pandemic until June 30, but President Martin Vizcarra has... 

Miners, Drillers returning to work as Covid restrictions ease: Imdex

By: Creamer Media Reporter      25th May 2020 Leading global mining-tech company IMDEX expects some COVID-19 restrictions affecting its international operations to be eased during May and June, prompting mining operations to resume and drilling contractors to return to work. With 20 offices internationally, sales in 102 countries, and a... 

Preparing for the known unknown after Covid-19

By: Creamer Media Reporter      25th May 2020 Aviate. Navigate. Communicate. If businesses charting a course through the COVID-19 crisis where pilots coping with a mid-air emergency, their training would tell them to follow these three key steps. 

Long-duration clean energy storage ideal for mining microgrids

By: Creamer Media Reporter      23rd May 2020 Reliable, cost-effective energy supply 24x7 is an essential resource for successful mining operations, whether grid-connected or off-grid.  In Africa, reliability of utility-sourced electricity is becoming more and more of a challenge, while off-grid diesel generation and the cost and logistics... 

DRDGold declares cash dividend 

By: Martin Creamer     15th May 2020 The board of DRDGold has declared a cash dividend of 25 c a share for the quarter ended March 31, the surface gold mining company said on Friday. The Johannesburg- and New York-listed DRDGold, headed by CEO Niël Pretorius, said in a stock exchange news service (SENS) announcement that the... 

Kibo increases Mozambique land holding to expand energy projects

By: Donna Slater     12th May 2020 Africa-focused energy company Kibo Energy has acquired 345 ha of land adjacent to its Benga power plant project, in Mozambique's Tete province. Alongside hosting a 150 MW to 300 MW thermal power plant, which is being developed as part of a joint venture agreement with local energy company... 

Coronavirus sickens almost 90 at biggest Russian gold mine

By: Bloomberg     11th May 2020 Almost 90 workers at Russia’s largest gold mine, operated by Polyus, have contracted the coronavirus, according to the public health agency. The miners’ unit at the Siberian province of Krasnoyarsk recorded 82 new cases of the deadly virus in the past day, taking the total to 89, the press... 

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