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Key South African contribution in achieving milestone in development of SKA telescope

By: Rebecca Campbell     17th August 2018 The South African Radio Astronomy Observatory (SARAO) announced on Friday that the Square Kilometre Array (SKA) Telescope Manager (TM) Critical Design Review (CDR) had been completed. (The TM is a system, not a person.) The SKA is an international project to build the world’s biggest radio... 

On-The-Air (17/08/2018) 

By: Martin Creamer     17th August 2018 Yet another huge mine is in serious financial trouble, which is throwing up the dread of more mass retrenchment. South Africa should adopt the growth model that has proved so resoundingly successful for the economy of Canada. The Constitutional Court should be called upon to lift the veil of... 

Gold Fields advances projects to ‘underwrite a better future’

By: Simone Liedtke     17th August 2018 NYSE- and JSE-listed Gold Fields aims to continue building new projects that will “underwrite a better future for [the miner] in terms of a longer life at lower costs”. This, CEO Nick Holland said during a conference call on Thursday, is particularly important, given the volatility of the gold... 

Local company to introduce new plastic pallets

By: Melissa Zisengwe     17th August 2018 Plastic pallets distributer, Premier Pallets will introduce new polyethylene terephthalate (PET) pallets to the market next month. Premier Pallets owner Tilania du Preez says the pallets were manufactured in South Africa from PET plastic bottles such as Coke bottles. 

LONG DAWN

17th August 2018 South Africa continues to speak hopefully about a New Dawn. However, Australia, which shares a number of similar characteristics, from mining and weather, to sporting appetites, recently marked what could arguably described as a long dawn. The country recently recorded its twenty-seventh straight... 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Iceberg water could be cheaper than desalination

By: News24Wire      16th August 2018 Icebergs can supply Cape Town with extra water in drought years at a far cheaper rate than a big desalination plant. It will cost R3.8-billion to use Antarctic iceberg water to bolster Cape Town's water supply for any three dry years that are likely to occur over the next 20 years – compared to... 

Ausdrill adds underground expertise with Barminco deal

By: Esmarie Swanepoel     15th August 2018 Mining services provider Ausdrill has made a takeover offer for joint specialist underground hard-rock mining contractor Barminco in a deal valued at A$271.5-million. The transaction will create Australia’s second-largest mining services company. 

Santos expands drilling in Cooper basin

By: Esmarie Swanepoel     13th August 2018 Oil and gas major Santos has started operation of a fourth rig in the Cooper Basin, as part of a drive to produce more natural gas to supply the east coast domestic market. The company on Monday said that the rig will drill eight wells by the end of this year, starting with the Big Lake field,... 

Lithium and copper tipped as major Australian export drivers

By: Esmarie Swanepoel     13th August 2018 The Reserve Bank of Australia (RBA) has tipped lithium and copper to be the major drivers for commodity exports in Australia, in the next few years. In its August Statement on Monetary Policy, the RBA noted that mineral exploration and mining activity for commodities used in the rechargeable... 

Rio Tinto considers float of Canadian iron-ore business

By: Reuters     10th August 2018 Rio Tinto, the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources said, as it focuses on boosting revenue from its flagship Australian assets. Iron-ore, which accounts for most of Rio's profit and... 

BHP says Brazil court approves Samarco settlement

By: Reuters     10th August 2018 Mining heavyweight BHP said on Thursday a federal court in the Brazilian state of Minas Gerais approved an agreement between miner Samarco and Brazil authorities, marking a milestone in the legal battle over a deadly 2015 dam failure. A 20-billion reais ($5.- billion) lawsuit against Samarco,... 

Australian miners steam ahead with lithium exploration

By: Reuters     10th August 2018 Australian miners are ramping up exploration for lithium even as prices dip, betting on renewed strength in the raw material used for rechargeable batteries. Australian miners' enthusiasm for lithium projects appears undimmed by sliding prices as they expand their exploration and development... 

MOD adjusts T3 feasibility

By: Esmarie Swanepoel     10th August 2018 Copper developer MOD Resources has incorporated a lager process plant for its T3 resource, in Botswana, into the project’s feasibility study, following a 44% increase in the project’s resource estimate. The feasibility study will now be based on a plant throughput rate of 3-million tonnes a... 

Barrick says China partner for copper 'makes all kinds of sense'

By: Bloomberg     10th August 2018 Barrick Gold executive chairman John Thornton says the Canadian miner is looking at its copper assets “very seriously” to see if it makes sense to form a copper company with one or two partners, most likely from China. “The question for us on copper is, ‘Can you take the copper assets, combine... 

Karoo’s MeerKAT radio telescope sets scene for pioneering scientific discovery

By: Dylan Slater     10th August 2018 The Karoo-based MeerKAT radio telescope, located about 90 km from Carnarvon, in the Northern Cape, was inaugurated on July 13, giving the public a glimpse into what was unveiled as the best of its kind and a true benchmark in terms of pioneering scientific cosmic discovery, says South African... 

Anticipated growth for solar furnace market

10th August 2018 The global solar furnace market is envisaged to leverage the opportunity created by the growing need to use solar energy as a cost-effective alternative to fossil fuel, owing to increasing prices. This is according to a report by market researcher and consulting services provider TMR Research,... 

Karoo’s MeerKAT radio telescope sets scene for pioneering scientific discovery

By: Dylan Slater     10th August 2018 The Karoo-based MeerKAT radio telescope, located about 90 km from Carnarvon, in the Northern Cape, was inaugurated on July 13, giving the public a glimpse into what was unveiled as the best of its kind and a true benchmark in terms of pioneering scientific cosmic discovery, says South African... 

Alcoa output not affected by strike

By: Esmarie Swanepoel     9th August 2018 Aluminium major Alcoa said that industrial action at its Western Australian operations were expected to last until August 17, but would have no effect on production. The Australian Workers’ Union (AWU) on Wednesday said that Alcoa workers had walked out over an enterprise agreement dispute with... 

SQM says to overtake Albemarle as world's top lithium producer by 2022

By: Reuters     9th August 2018 Chilean miner SQM said on Wednesday it would overtake competitor Albemarle as the world's top producer of lithium by 2022, boosting its production capacity that year to 28% of the world's total versus the US-based Albemarle's 16%. SQM Vice President Daniel Jimenez said in a presentation at a... 

Alcoa's W.Australia workers walk out over labour agreement - union

By: Reuters     8th August 2018 Alcoa workers in Western Australia have walked out indefinitely over an enterprise agreement dispute with the aluminium maker, the Australian Workers' Union (AWU) said on Wednesday. The strike comes after Alcoa applied to Australia's workplace regulator to terminate its current agreement,... 

Mathe Group ups tyre processing by 35%, grows steel exports

By: Irma Venter     7th August 2018 The KwaZulu-Natal-based Mathe Group, South Africa’s largest tyre recycler, has developed two steel by-products that are being exported to Australia and Korea in growing quantities. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in... 

Copper Mountain mine’s Q2 output jumps

By: Mariaan Webb     7th August 2018 Canadian miner Copper Mountain has reported higher production at its 75%-owned namesake mine, in British Columbia, with the operation producing 20-million pounds of copper, 6 500 oz of gold and 68 400 oz of silver in the second quarter of this year. The production compares with 17.2-million... 

Wages, activity pick up in Australia's iron ore heartland

By: Reuters     7th August 2018 New spending by some of the world's largest iron ore miners is tightening the market for jobs and support services in Australia's biggest mining region, bringing a sense of optimism after years in the doldrums. Spending by majors BHP Rio Tinto and Fortescue has boosted confidence throughout the... 

Avenira raises cash for Baobab expansion studies

By: Esmarie Swanepoel     7th August 2018 Phosphate developer Avenira will raise A$2.8-million through a share placement to fund the completion of a feasibility study to expand the Baobab project, in Senega. Avenira will place more than 139.9-million shares, at a price of 2c each, with the company saying on Tuesday that it has received... 

Miners set to spend $11bn in search of the next jackpot

By: Bloomberg     7th August 2018 Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues on whether the sector’s heavyweights are close to a new jackpot discovery. As Rio Tinto Group searches Australia’s Great Sandy Desert for copper and Anglo American scours a 19... 

Great Australian Bight holds a treasure trove for South Australia

By: Esmarie Swanepoel     6th August 2018 A new study by the Australian Petroleum Production and Exploration Association (Appea) has found that successful oil exploration in the Great Australian Bight could see the creation of more than 2 000 jobs in South Australia and generate over A$7-billion a year in average tax revenue to federal... 

Noble Group sues Australian coal producers for alleged breaches

By: Bloomberg     3rd August 2018 Noble Group, the commodity trader seeking to push through a restructuring after losing billions of dollars and defaulting, has filed a claim in Australia against two coal producers for alleged breaches of contractual obligations under a marketing services agreement. The Singapore-listed company,... 

Australian mining industry wins public support

By: Esmarie Swanepoel     3rd August 2018 New research undertaken on behalf of the Minerals Council of Australia (MCA) has shown that public opinion towards the Australian mining sector was at its highest level in six years, after hitting a low in 2016. Public opinion research conducted in May this year has shown that views towards coal... 

Square Kilometre Array project, Africa and Australia

By: Sheila Barradas     3rd August 2018 A French consortium, comprising five research organisations and seven private companies, has joined the SKA Organisation. 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     3rd August 2018 The first offshore production well has started. 

Resources continue to drive Australian exports

By: Esmarie Swanepoel     2nd August 2018 New data from the Australian Bureau of Statistics (ABS) has shown that the resources sector is still driving the economy. The ABS on Thursday reported that Australia’s exports of goods and services surpassed A$400-billion for the first time in 2017/18, owing mainly to growth in resources... 

AngloGold to swing to H1 profit on higher output, lower costs

By: Simone Liedtke     2nd August 2018 Gold miner AngloGold Ashanti expects to report headline earnings of between $91-million and $108-million for the six months ended June 30, compared with a headline loss of $89-million in the first half of 2017. Headline earnings a share for the six months under review are expected to be between... 

Kirkland Lake chases higher FY target

By: Mariaan Webb     1st August 2018 A strong first-half performance from the Fosterville and Macassa mines has provided Toronto-based Kirkland Lake Gold with enough confidence to increase its consolidated full-year production guidance by 15 000 oz to more than 635 000 oz. The miner produced 312 329 oz in the first six months of... 

Senex secures A$150m for project development

By: Esmarie Swanepoel     31st July 2018 ASX-listed Senex Energy has entered into a fully underwritten A$150-million debt facility to fund the development of its east coast gas projects and Cooper Basin assets. The debt facility includes a A$125-million senior secured reserve based lending facility with a seven-year tenor and... 

First Quantum extends copper hedge programme

By: Mariaan Webb     31st July 2018 Canada-based First Quantum has announced an extension of its copper sales hedge programme to ensure a “certain level of cash flow” during the commissioning and ramp up of its large openpit copper mine development in Panama. This comes as concern about trade wars are hurting copper prices, which... 

Glencore copper, zinc ramp-ups paying off in production numbers

By: Marleny Arnoldi     31st July 2018 The ramp up of diversified miner Glencore’s Katanga mine, in the Democratic Republic of Congo (DRC), has delivered increased copper and cobalt for the first half of this year, in line with full-year guidance, which is 1.4-million tonnes of copper and 39 000 t of cobalt. Financial services... 

Ecobalt investors call for sale, new management on delays

By: Reuters     30th July 2018 Two large shareholders in Canada's Ecobalt Solutions are calling for a change in senior management or the launch of a sales process, saying ongoing mine development delays are wasting a windfall from high battery sector demand. Australian hedge fund Tribeca Investment Partners, which said it... 

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