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Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

Alamos meets quarterly guidance

By: Mariaan Webb     2nd November 2018 Canada-based Alamos Gold produced 124 000 oz of gold in the third quarter, which is in line with its guidance and 16% above the third quarter of 2017, reflecting the inclusion of the Island Gold mine, which it bought earlier this year. Year-to-date production hit a record of 379 400 oz – 23%... 

Companies on a drive to become more efficient

By: Kim Cloete     1st November 2018 Cape Town’s Groote Schuur hospital, a leading manufacturer of catalytic converters and a well-known car sales dealer have one essential thing in common. They have all managed to radically improve efficiency across their operations over the past few years. The three examples were showcased at the... 

Capital-starved mining sector creates 'buyer's market' for investors

By: Reuters     1st November 2018 Specialist mining investors have found a "buyer's market" for projects as the mining sector struggles to compete for funding with new industries, multiple industry executives said at a conference this week. Smaller mines and developers who previously found capital through retail investors in... 

Lessons on transforming manufacturing in India

By: Kim Cloete     31st October 2018 Transformational changes in manufacturing in India have been unpacked at the Lean Summit Africa 2018, in Cape Town, holding important lessons for ramping up efficiency and boosting competitiveness in South Africa. Takayuki Furuhashi, who is considered an international guru in the field of... 

Randgold, Barrick increase dividends ahead of proposed merger

By: Simone Liedtke     31st October 2018 In connection with the proposed recommended share-for-share merger of Barrick Gold and Randgold Resources, the companies have agreed on increases in the Randgold and the Barrick dividend, as well as an updated dividend policy for the new enlarged Barrick Group. Randgold shareholders will be... 

Growth stock tag possible from Far West surface project –­ DRDGold 

By: Martin Creamer     31st October 2018 When it comes to the gold sector, recovering the precious metal from dumps on surface beats pursuing it in deep, dark and dangerous underground mines. The local gold industry has put many feelers out to access gold on surface and one of the most exciting projects under way is Far West Gold... 

Kirkland Lake positioned for a ‘strong finish’ to 2018

By: Creamer Media Reporter      31st October 2018 Mid-tier gold producer Kirkland Lake is positioned for a strong finish to the year, president and CEO Tony Makuch said on Tuesday, announcing another revision to the company’s production guidance for 2018. The miner, which operates in Canada and Australia, increased its full-year guidance to... 

Atlas Copco WEDA 50+ and 60+ pumps take dewatering solutions to the next level

30th October 2018 Atlas Copco has solidified its place at the forefront of the pumps industry with the introduction of WEDA 50+ and 60+ dewatering pumps. These pumps have been designed to provide customers with enhanced levels of performance alongside improved efficiency, hassle-free maintenance as well as... 

Nzimande inaugurates R1.1bn Mt Edgecombe interchange

By: Marleny Arnoldi     30th October 2018 Transport Minister Blade Nzimande on Tuesday officially opened the R1.1-billion Mount (Mt) Edgecombe Interchange, in KwaZulu-Natal. The Minister described the interchange as a veritable civil engineering work of art that contributes greatly to easing traffic congestion, while promoting road... 

Johnson Controls supply second round of York chillers for Implats’ No 16 Shaft

29th October 2018 Johnson Controls has supplied two York YK centrifugal chillers to Impala Platinum (Implats) for the planned second phase expansion of cooling capacity for its No. 16 Shaft as it heads toward a depth of 1 650 m. The chillers will be installed by the end of August 2018 and the start-up of the... 

Dirty Water No Problem For Sykes Water Transfer Range

29th October 2018 Water transfer applications in many industries across Africa must often deal with unpredictable water quality, so it is important to specify a pump built for African conditions - tough, reliable and robust. According to Henru Strydom, Sykes product specialist at Integrated Pump Rentals, the... 

Horizonte focus shifts to funding as it ticks feasibility study box

By: Mariaan Webb     29th October 2018 Nickel company Horizonte Minerals has confirmed the economics of its Araguaia ferronickel project, in Brazil, with the completion of a feasibility study, setting up the company to advance offtake agreements and secure funding for the $443-million development. The Aim- and TSX-listed company aims... 

Great Bear raises C$3.5m for Dixie exploration

By: Creamer Media Reporter      29th October 2018 TSX-V-listed Great Bear Resources has announced a C$3.5-million private placement of shares at C$3.5 each, for further exploration at its Dixi project, in Ontario. The company entered into an agreement with Cormark Securities, pursuant to which Cormark has agreed to purchase one-million common... 

Johnson Controls supply second round of York chillers for Implats’ No 16 Shaft

26th October 2018 Johnson Controls has supplied two York YK centrifugal chillers to Impala Platinum (Implats) for the planned second phase expansion of cooling capacity for its No. 16 Shaft as it heads toward a depth of 1 650 m. The chillers will be installed by the end of August 2018 and the start-up of the... 

NGOs criticise IRP public hearings process

By: Kim Cloete     26th October 2018 Energy Governance South Africa (EGSA) has expressed concern about the way the public hearings process into the Integrated Resource Plan (IRP) has been conducted in Parliament, saying it had been a "one-way flow of information, without interrogation and interaction". The organization has penned a... 

Leagold says Santa Luz restart requires $82m

By: Creamer Media Reporter      26th October 2018 Vancouver-based Leagold has completed an updated feasibility study for the Santa Luz project that it acquired in the recent Brio takeover, which demonstrates the potential for restarting 100 000 oz/y mine at a cost of $82-million. However, the company’s first priority remains to optimise its... 

Havilah secures contingency cash

By: Esmarie Iannucci     26th October 2018 Junior metals developer Havilah Resources has secured a A$6-milion standby facility from Invetec, which the company would use as a contingency measure to manage cash flow over the next 12 months as work is completed on permitting for its North Portia gold project. Havilah is due to receive... 

Refinery receives new fire protection trailer system

By: Melissa Zisengwe     26th October 2018 For three consecutive years, fire protection equipment supplier DoseTech and Germany-based dosing technology company FireDos have supplied the latest portable foam fire-protection system to integrated chemicals and energy chemicals company Sasol, states Dosetech MD Mike Feldon. The latest system... 

Automatic shut-off valves improve plant safety

By: Paige Müller     26th October 2018 Valves, steam and combustion system solution provider Heaton Valves Africa (HVA), states that its extensive range of German-made Albrecht-Automatik safety shut-off systems and components, significantly improve combustion system operational safety in the industries it serves. HVA combustion... 

Sasol poised to improve operational performance in 2019

26th October 2018 Integrated chemicals and energy company Sasol reported that it is well positioned to continue improved operational performance in the 2019 financial year despite electricity supply interruptions, as its sales volumes increased by 1% for its performance chemicals business owing to robust market... 

Wind energy investors watching S Africa closely

By: Tracy Hancock     26th October 2018 For the last several years, from the wind industry’s perspective, the South African government has done everything it can to discourage investor confidence; however, that has changed with the new government, states Global Wind Energy Council (GWEC). 

ICT company continues to deliver on growth plans in H1

By: Simone Liedtke     25th October 2018 Information and communications technology (ICT) provider Allied Electronics (Altron) continued to deliver on its growth plans and reduce its debt, and completed the divestment of noncore assets in the six months to August 31. During a conference call on Thursday, the JSE-listed company noted that... 

Newmont adjusted income falls on lower prices, production

By: Mariaan Webb     25th October 2018 Colorado-based Newmont Gold on Thursday reported weaker adjusted net income of $175-million, as its revenue decreased along with gold prices and lower production at various sites. The third-quarter income adjusted for impairments and a write-down in North America, came to $0.33 a diluted share,... 

OceanaGold adjusts FY guidance

By: Creamer Media Reporter      25th October 2018 On the back of strong operational performance in the first nine months of the year, OceanaGold has increased its 2018 gold production guidance for the second time, to a range of 515 000 oz to 545 000 oz. The Melbourne headquartered company previously forecast production to be in the 500 000 oz... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Vale reports Q3 miss on forex, base metals

By: Reuters     25th October 2018 Brazil's Vale on Wednesday posted weaker-than-expected net income, as a weaker currency coupled with lower base metals production and prices weighed on the world's largest iron ore producer. The miner, also the world's largest nickel producer, reported $1.408-billion in third-quarter net income,... 

Growth-fuelled Sept quarter keeps Northern Star on track

By: Esmarie Iannucci     25th October 2018 Gold miner Northern Star Resources has started its 2019 financial year strong, reporting production of 207 600 oz of gold in the three months to September. The production performance was a 13% increase on the 183 949 oz produced in the previous quarter, with the miner telling shareholders on... 

Zijin’s bid for Nevsun jumps two regulatory hurdles

By: Creamer Media Reporter      24th October 2018 The $1.41-billion friendly takeover of Nevsun by Zijin Ming has cleared two regulatory hurdles – one in China and the other in Canada. The Canadian firm, which has assets in Serbia and Eritrea, reported on Wednesday that the takeover had received approval from China’s National Development and... 

Reducing commercial and industrial fire risks

By: Creamer Media Reporter      24th October 2018 Sprinkler systems remain the optimal manner in which to supress fires in commercial and industrial properties. While sprinkler system use in buildings dates back to the 19th century, they are in fact still the best manner to ensure the safety of lives and protect infrastructure. In light of the... 

Data centre design and build is evolving – here’s why:

24th October 2018 By Jos Baart, Vice President, Sales & Marketing, Flexenclosure With new data centre capacity needed at an ever-accelerating pace, rushing the delivery of a new facility significantly increases risk. Find out how off-site construction, integration and testing prior to final on site commissioning... 

AfriTin pilot production plant to achieve first material by end-2018

By: Simone Liedtke     24th October 2018 Aim-listed AfriTin Mining looks forward to achieving its target of processing the first material through the pilot plant at its Uis mine, in Namibia, by the end of this year, after having achieved a number of important milestones in the six-month period ended August 31. Construction of the pilot... 

Mount Gibson lifts iron-ore sales in Sept quarter

By: Esmarie Iannucci     24th October 2018 Junior iron-ore miner Mount Gibson has reported an increase in iron-ore sales for the quarter ended September, with sales revenue increasing by some A$20-million over the previous quarter. Quarterly sales for the three months to September reached 1.1-million tonnes, compared with the 963 000 t... 

Shopping centre benefits from 30 per cent water and energy savings as a result of Optidrive Eco and OptiflowTM

23rd October 2018 A major shopping centre near Jakarta, Indonesia is achieving at least 30 per cent savings in water and energy costs as a result of installing Invertek Drives Ltd’s OptidriveTM Eco variable frequency drives (VFD). The monthly water and associated energy costs at the Karawaci Shopping Mall, West... 

Weba Chutes Move Manganese For Tshipi Borwa Mine

23rd October 2018 Weba Chute Systems are successfully transferring crushed ore at Tshipi Borwa Mine and based on the successes achieved by these custom engineered transfer points the company has received an order to design another forty chute systems. Tshipi Borwa Mine, located in the Kalahari Manganese Field in... 

How strong steel might kill off the next big battery metal story

By: Bloomberg     23rd October 2018 Vanadium’s astonishing rally is threatening its chances of being the next big battery metal. Prices have surged more than 800% in about two years, driven by Chinese demand for stronger steel. There’s also been speculation that vanadium will become a key metal for the battery industry. But with... 

Calgro M3 remains committed to delivering shareholder value despite current challenges

By: Simone Liedtke     22nd October 2018 In a period described by CEO Wikus Lategan as one of the most difficult ever experienced by the company, JSE-listed Calgro M3 posted revenue of R628.6-million for the six months ended August 31. Calgro M3 faced several major challenges, including uncertainty over the economy, coupled with... 

Flow of LME nickel to hidden storage dents bull story

By: Reuters     19th October 2018 The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40% this year, largely from warehouses in Malaysia, Taiwan... 

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