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Rössing Uranium swings to FY profit, despite low prices

By: Creamer Media Reporter      25th April 2017 In what was a very tough year for the uranium mining industry, Rio Tinto subsidiary Rössing Uranium, which operates in Namibia, swung to a profit of N$107-million in 2016, from a loss of N$385-million in 2015. In the company’s ‘Report to Shareholders 2016’, MD Werner Duvenhage said the year was... 

New Remote Terminal Unit expands scope for telecontrol applications

     25th April 2017 • Simple implementation and monitoring of measurement stations for process data • Cyclically controlled and event-driven transmission of process values • Flexible link to control center and rapid integration in Sinaut plants • Web-based engineering simplifies commissioning The new Remote Terminal... 

See the new 3D software system that revolutionises fluid transfer next month in Johannesburg

     24th April 2017 Meet Jamie van Schoor who has introduced to Africa PumpSim, which allows engineers to build a pipe and pump network that simulates pressures and flows… all in a virtual world. INDUTEC 2017 will offer visitors the chance to sample first hand an exciting new 3D modelling programme that plans all... 

Syrah awards logistics contract to Grindrod

By: Esmarie Swanepoel     24th April 2017 Graphite developer Syrah Resources has awarded the graphite distribution and logistics services supply contract at its Balama project, in Mozambique, to JSE-listed Grindrod Mauritius. The contract includes the provision of long haul trucking services for graphite concentrate from the Balama site... 

Reservations expressed about India’s proposed rules for commercial coal mining auctions

By: Ajoy K Das     21st April 2017 As the government readies to open commercial coal mining to private miners for the first time since 1973, prospective private investors have raised reservations about the terms and conditions laid down by the Coal Ministry. According to minutes of a meeting between the Coal Ministry and... 

Newmont reveals Ahafo underground mine, mill expansion plans to lift output 50%

By: Henry Lazenby     21st April 2017 US-based gold major Newmont Mining has announced investment plans to the value of $380-million for a new underground mine and a 50% plant expansion at the Ahafo mine, in Ghana. The Subika underground mine is projected to produce 1.8-million ounces of gold over an 11-year mine life, and features... 

Economic crossroads

By: Terence Creamer     21st April 2017 Unless and until the pall of political uncertainty is lifted, it seems almost futile to debate the changes required to elevate levels of growth and realign the country’s economic structures such that the benefits of higher growth flow progressively to those hitherto “left behind”. Indeed,... 

Pay-as-you-go microgrids seen offering rural electrification alternative

By: David Oliveira     21st April 2017 Pay-as-you-go solar microgrid solutions, coupled with energy storage, is proving to be a boon for the African communities they power and offers opportunities to entrepreneurs to tap into this growing market. South Africa has highlighted the potential of this system through the government Green... 

Pressure, temperature transmitter launched for downhole applications

     21st April 2017 Last month, US-based Emerson Automation Solutions introduced the Paine 328-12-0010 pressure and temperature data logger and digital transmitter for process measurement and data logging in downhole drilling applications. The company notes that downhole drilling operators need to measure pressure... 

Solar, liquid-energy storage solution seen having big off-grid potential

By: David Oliveira     21st April 2017 Containerised liquid-energy storage machines, or flow machines, coupled with solar photovoltaic (PV) power generation, could provide Africa with the most cost-effective and energy efficient off-grid electricity generation solution, said UK-based energy storage solutions company redT CEO Scott... 

Tanzania export ban weighs on Acacia’s Q1 cash flow

By: Megan van Wyngaardt     20th April 2017 The Tanzania Ministry of Energy and Minerals’ decision to introduce a general ban on the export of metallic mineral concentrates has had a $33-million negative impact on Acacia Mining’s cash flow for the first quarter, ended March 31. The Ministry announced the ban on March 3, following a... 

Alphamin appoints Swanepoel, Baloyi to board; starts mine boxcut construction

By: Megan van Wyngaardt     20th April 2017 TSX-listed Alphamin Resources, which is developing the Bisie tin project, in the Democratic Republic of Congo, has appointed Bernard Swanepoel and Paul Baloyi to its board. Swanepoel currently also serves on the boards of miners Impala Platinum, Zimplats, eXtract Limited, African Rainbow Minerals... 

Santos sees lower production in March quarter

By: Esmarie Swanepoel     20th April 2017 Despite lower production and sales volumes in the first quarter ended March, oil and gas major Santos has been able to lower costs. During the three months to March, production reduced by 2% on the previous quarter, to 14.8-million barrels of oil equivalent, while sales volumes were down by 15%,... 

Evolution costs and production down in March quarter

By: Esmarie Swanepoel     20th April 2017 Gold miner Evolution Mining has reported record low group all-in sustaining costs (AISC) of A$840/oz during the three months to March, down 7% quarter-on-quarter. Group gold production during the quarter reached 202 926 oz, which was in line with the 200 000 oz target previously set by the... 

Rio Tinto iron-ore, coal production hit by heavy rains

By: Esmarie Swanepoel     20th April 2017 Diversified giant Rio Tinto has seen production decline across its asset portfolio, as the Western Australia and Queensland operations were impacted by wet weather conditions during the three months to March. Iron-ore production from the Pilbara operations declined by 10% compared with the... 

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4

By: Henry Lazenby     19th April 2017 Since acquiring the west-central Honduras-based El Mochito zinc/lead/silver mine about four months ago, Canadian miner Ascendant Resources has leveraged its management team’s experience to immediately turn the operation around, giving it a growth platform generating free cash flow. Once the crown... 

Universal's NCC produces its first opencast coal

By: Esmarie Swanepoel     19th April 2017 South Africa-focused coal miner Universal Coal has produced the first run-of-mine coal from its New Clydesdale Colliery (NCC) opencast development. Universal said on Wednesday that opencast mining would ramp up over the next quarter, reaching steady state in the second half of 2017 and... 

Cape Town finally hits water use target

By: News24Wire      19th April 2017 Water consumption in Cape Town has dropped below the city’s 700-million litre per day target for the first time. The city’s inhabitants used 685-million litres per day in the past week, the city said in a statement on Tuesday. 

PTM secures $20m bought deal financing

By: Henry Lazenby     19th April 2017 South Africa-focused miner Platinum Group Metals (PTM) has reached agreement with BMO Capital Markets to buy on a bought deal basis 15.39-million common shares of the company at $1.30 apiece for gross proceeds of about $20-million. Vancouver-based PTM said on Tuesday that it would use the net... 

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Eastern Goldfields raises A$25m for Davyhurst

By: Esmarie Swanepoel     18th April 2017 ASX-listed Eastern Goldfields will raise a minimum of A$25-million through a share placement to complete the commissioning of the Davyhurst operation, in Western Australia. The company on Tuesday said that it will issue up to 80-million shares, at a price of 35c each to sophisticated, profession... 

Wet weather rains on Atlas parade

By: Esmarie Swanepoel     18th April 2017 Wet weather conditions have seen iron-ore miner Atlas Iron ship less tonnes during the three months to March, while C1 cash costs increased from A$34/t to A$36/t, compared with the previous corresponding period. The volume of ore shipped during the March quarter declined from four-million tonnes... 

Primero closes higher on expected San Dimas restart Tuesday

By: Henry Lazenby     18th April 2017 The TSX-listed stock of precious metals producer Primero Mining on Monday gained as much as 13.5% as investors anticipate a restart of the flagship San Dimas mine, in Mexico. The strike by unionised employees at San Dimas had halted mining and milling operations since February 15. 

PTM reviews strategic alternatives as Maseve’s underperformance leaves a hole in pocket

By: Henry Lazenby     18th April 2017 Canadian precious metals miner Platinum Group Metals (PTM) has cut its 2017 guidance from 100 000 oz of platinum, palladium, rhodium and gold (4E) to 85 000 oz 4E, saying it is working with BMO Capital Markets and Macquarie Capital to review and assess corporate and asset-level strategic... 

Company seizes opportunities in power sector

By: Nadine James     14th April 2017 Many utility power plants are approaching the end of their design life, with engineers conducting life extension studies for boilers and related auxiliary equipment. To accommodate a changing operating environment, redesigning components and equipment to replace those which have reached the end... 

HFO plant’s commissioning process under way

By: Nadine James     14th April 2017 Specialised oil and gas equipment supplier Energas Technologies started the commissioning process last month for the heavy fuel oil (HFO) storage facility it specifically designed for multidisciplinary engineering firm DRA Global. Energas’s scope for the project included the fabrication,... 

BlueRock improves diamond recovery since upgrades

By: Megan van Wyngaardt     13th April 2017 Aim-listed BlueRock Diamonds on Thursday reported that since it restarted operations at its Kareevlei mine, recovered grade has been improving from an initial 1.53 carats per hundred tonnes (cpht) to the most recent results of 3.02 cpht. The company late last year embarked on a thorough overhaul... 

Australis raises A$100m for US shale buy

By: Esmarie Swanepoel     13th April 2017 ASX-listed Australis Oil and Gas has raised A$100-million to fund the acquisition of US shale assets. Following shareholder approval, the company placed some 434.7-million new shares at 23c each, to raise the capital. 

South Deep rebase plan paving way for healthier economics, safer mining

By: Dylan Slater     13th April 2017 The South Deep gold mine, in Westonaria, Gauteng, is set to steadily ramp up production using a fully mechanised deep-level underground fleet, allowing for operations to be conducted at increasingly greater efficiencies, while ensuring improved personnel health and safety, as well as morale. The... 

Water situation in Nelson Mandela Bay a 'crisis'

By: African News Agency      13th April 2017 Residents of Nelson Mandela Bay can gear up for stringent water restrictions within the next week as the water situation in the city is on the verge of a “crisis”. Executive Mayor Athol Trollip on Wednesday called an emergency media briefing at Port Elizabeth City Hall to address the critical... 

SA urged to focus on producing components for battery supply chains

By: Schalk Burger     13th April 2017 South Africa can use the development and local production of various battery components in global energy storage supply chains to develop local industrial capacity, says University of the Western Cape South African Institute for Advanced Material Chemistry director Professor Vladimir Linkov.... 

Perseus makes positive start to 2017, as Edikan’s Q1 production rises 51% q/q

By: Mia Breytenbach     12th April 2017 Dual-listed gold miner Perseus Mining has made a positive start to 2017, with 48 655 oz of gold produced in the quarter ended March 31. Production for the quarter was 51% higher than that produced in the December 2016 quarter, with the Edikan mine, in Ghana, on track to achieve its production... 

Wits opens R6m isotope geoscience laboratory

By: Creamer Media Reporter      12th April 2017 A new R6-million ultraclean isotope geoscience laboratory has been launched at the School of Geosciences at the University of the Witwatersrand (Wits). The Wits Isotope Geoscience Laboratory (WIGL), working closely with the University of Johannesburg’s (UJ’s) Geology Department, aims to deliver a... 

Fitch next to downgrade Eskom, Transnet to align with sovereign ratings

By: Natasha Odendaal     12th April 2017 South African State-owned Eskom and Transnet have also been downgraded by ratings agency Fitch to align with the recent downgrade of South Africa’s sovereign rating. Eskom’s long-term local currency issuer default rating (IDR) and the senior unsecured local currency rating have been downgraded... 

Peak ramps up offtake, financing talks for rare earths project

By: Esmarie Swanepoel     12th April 2017 Australian project developer Peak Resources is moving forward with financing discussions and mining licence applications for its planned Ngualla rare earths project, which is estimated to cost $356-million. The integrated project comprises the Ngualla mine, in Tanzania, and a refinery in the UK. 

Sasol finalises currency hedges worth $4bn

By: Terence Creamer     11th April 2017 Energy and chemicals group Sasol reported on Tuesday that it had finalised currency hedges with a total notional amount of $4-billion for its 2018 financial year. The hedges represent about 70% of its expected net rand/US dollar exposure for the period, which runs until June 30, 2018. The... 

Santos pays down $250m in debt

By: Esmarie Swanepoel     11th April 2017 Oil and gas major Santos has repaid $250-million of its $1.2-billion export credit agency- (ECA-) supported uncovered syndicated facility, which was scheduled to mature in 2019. The ASX-listed company told shareholders on Tuesday that the early repayment would result in gross interest savings of... 

New Curve™ Slurry Pump surpasses all expectations

     10th April 2017 Pump and Abrasion Technologies® (PAT) unveiled its new CURVE™ range of pumps in September 2016.  A prominent South African ferrochrome processing plant was among the first companies to adopt this new technology by implementing a project to change all their pumps to the CURVE range of pumps. The... 

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