R/€ = 17.09 Change: -0.03
R/$ = 14.12 Change: 0.01
Au 1834.18 $/oz Change: 19.51
Pt 1226.50 $/oz Change: 13.36


Russia should get firms to pay environmental fines from profits, says PM

By: Reuters     12th May 2021 Russia should get companies to pay compensation for environmental damage from their net profits rather than expenses after Nornickel's payment of a $2-billion fine for a fuel spill reduced its tax base, the prime minister said on Wednesday. Nornickel paid the unprecedented environmental fine for... 

Continued customization inspires Austin to consistently undermine status quo

12th May 2021 Austin Engineering breaks the mold on every project bringing one-of-a-kind mining equipment solutions to forward-thinking operations for decades. So, it’s no surprise that developing tough, long-lasting truck bodies would mean drafting with Hardox® wear plate. Nearly half a century ago, mining... 

New Kyrgyz law allows for control of Kumtor

By: Mariaan Webb     7th May 2021 The Kyrgyzstan Parliament has passed a law that will enable the government to impose “external management” on the Kumtor Gold Company (KGC), owner Centerra Gold said on Friday, while also revealing that the mine faced a $3-billion civil claim and that it owed $170-million in additional taxes.... 

Sandvik Group to acquire African OEM Kwatani

By: Schalk Burger     7th May 2021 Mining and construction equipment and services company Sandvik Group will acquire African original-equipment manufacturer (OEM) of custom-engineered vibrating equipment Kwatani. The transaction is expected to be finalised in the fourth quarter of this year, subject to regulatory approvals and... 

Sandvik and Kwatani announce game-changer for vibrating equipment industry

7th May 2021 In an exciting joint announcement, Sandvik Rock Processing Solutions and Kwatani have confirmed that an agreement has been signed for the multi-national Sandvik Group to acquire the shares of this leading African OEM of custom-engineered vibrating equipment. The transaction is expected to be... 

Company offers engineered solutions for pump systems

By: Marleny Arnoldi     7th May 2021 Specifying pumps for mine water applications is not as simple as it would first appear, and these applications often require a bespoke solution, says original-equipment pumps manufacturer Weir Minerals Africa. Incorrect specification could result in poor performance, excessive operational and... 

New unit designed for efficiency

7th May 2021 Industrial products provider, BMG’s new NORD DuoDrive unit, an integrated geared unit that combines the recently launched NORD IE5+ synchronous motor and a single-stage helical gear unit in one compact housing, has been designed for optimum system efficiency.  

Platinum applications enabling effective healthcare delivery amid pandemic

By: Tasneem Bulbulia     29th April 2021 Cold-chain monitoring and ultralow freezer storage of biologicals and vaccines for the pharmaceutical and health segment has increased in importance. However, as the Covid-19 pandemic has demonstrated, providing a cold supply chain for temperature-sensitive pharmaceutical products, such as... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor  

By: Martin Creamer     28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... 

Sibanye launches campaign to reimagine, foster Marikana community of the future  

By: Donna Slater     16th April 2021 Precious metals miner Sibanye-Stillwater has launched the Marikana Renewal Programme to tackle the legacy of the Marikana mine following the August 16, 2012, killing of 34 mineworkers by the South African Police Service. Sibanye had acquired the Marikana mine when it bought out Lonmin in 2019.... 

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