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Lucapa announces maiden Mothae resource estimate

By: Henry Lazenby     25th March 2017 Precious gem miner Lucapa Diamonds has published a maiden Joint Ore Reserves Committee-compliant resource estimate for the Mothae kimberlite pipe, in Lesotho. Mothae is located approximately 5 km from Gem Diamonds’ Letšeng mine. 

Govt rules out granting mining licences to zama-zamas as it seeks solutions to illegal mining

By: Ilan Solomons     24th March 2017 While government is committed to finding a reasonable solution to regulate the artisanal mining sector, in South Africa this will  only apply to surface projects, and not to those undertaken in underground areas by the many illegal miners referred to as zama-zamas, Mineral Resources Deputy... 

Competition Commission extends fresh produce market agent raid to Cape Town, Durban

By: Megan van Wyngaardt     24th March 2017 The Competition Commission on Friday extended its search and seizure operation targeting fresh produce market agents, to premises in Cape Town and Durban. This followed its raid, on Thursday, of the premises of nine fresh produce market agents suspected of involvement in alleged cartel and... 

Goodlace joins Kumba board

By: Natasha Odendaal     24th March 2017 Former Impala Platinum CEO Terence Goodlace has joined the board of JSE-listed Kumba Iron Ore as independent nonexecutive director with immediate effect. Goodlace also previously held the post of Metorex CEO and Gold Fields COO and executive VP and head of the international operations. Currently,... 

Water scarcity rewiring mining companies’ approach to shared water use

By: Megan van Wyngaardt     24th March 2017 The threat of ongoing water scarcity represents a significant opportunity to the mining and metals sector, as companies seek solutions to improve water security and sanitation, a new report from the International Council of Mining and Metals (ICMM) and the International Finance Corporation (IFC),... 

CRG raises funds for working capital, concentrator circuit

By: Megan van Wyngaardt     24th March 2017 Central Rand Gold (CRG) has raised £300 000 through the issue of 60-million new ordinary shares at an issue price of 0.5p apiece. The proceeds will be used for working capital and building a 60 000 t/m concentrator circuit aimed at upgrading the gold grade of mine waste dumps materials before... 

Gordhan on getting South Africa’s growth, transformation dynamic right

By: Terence Creamer     24th March 2017 Finance Minister Pravin Gordhan has again responded to questions about whether his ‘inclusive growth’ narrative is at odds with the ‘radical economic transformation’ vision being espoused by President Jacob Zuma. Addressing businesspeople at a function hosted by Deloitte in Johannesburg on... 

Reviving king of gold means getting mine workers off their knees

By: Bloomberg     24th March 2017 During his early years as a miner in South Africa, Joas Mahanuque spent six hours a day on his knees drilling for Impala Platinum Holdings Ltd. The dust-filled tunnels half a mile underground were too low for him to stand, and temperatures reached 105 degrees Fahrenheit (40 degrees Celsius).... 

Revised mine plan, updated reserves extend life of Shanta’s New Luika mine

By: Mia Breytenbach     24th March 2017 Aim-listed Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. The revised mine plan is expected to result in a 39% increase in forecast gold production for 2017 to 2023, from... 

Tanzania gold export ban costing Acacia $1m a day in lost revenue

By: Megan van Wyngaardt     24th March 2017 The recent implementation of a gold and copper exports ban by the Tanzanian government is costing its largest gold miner, Acacia Mining, an average of $1-million a day in revenues. LSE-listed Acacia Mining on Friday said it was now taking a “range of actions” at its Bulyanhulu and Buzwagi mines... 

In Search Of A Company With The Most Outstanding Corporate Social Responsibility Programme For 2016

     24th March 2017 Great companies make for good corporate citizens, positively impacting on their stakeholders and the lives of communities in which they operate.   To celebrate corporate social responsibility by a company in the metals and engineering sector, the Steel and Engineering Industries Federation of... 

Kusasalethu strike ends

By: Megan van Wyngaardt     24th March 2017 A two-day unprotected strike at Harmony Gold's Kusasalethu mine, near Carletonville, drew to a close on Friday afternoon, following discussions between Harmony's senior management and the senior leadership of the Association of Mineworkers and Construction Union (AMCU). “I am pleased that the... 

Drone piloting course launched following increased demand

By: Dylan Slater     24th March 2017 With interest in remotely piloted aircraft systems (RPASes), or drones, increasing, seemingly unhindered by their high costs, Cape Town-based RPAS sport organisation Drone Racing Africa (DRA) has introduced a basic drone flying course.  

New strategy to give policy direction to rail sector

By: Irma Venter     24th March 2017 A new national rail strategy, proposed to become legislation in 2018/2019, will give policy direction to the rail sector for the first time in 150 years, says Department of Transport deputy director-general rail Jan-David de Villiers. The policy – currently a Draft White Paper – comes as South... 

Peristaltic hose pumps to mitigate challenges

By: Simone Liedtke     24th March 2017 Owing to the high air entrainment and shear sensitivity of froth pulp, mixing equipment and peristaltic pump manufacturer Afromix applied its AFX065 peristaltic hose pump – which is already associated with arduous mining and industrial applications – to mitigate this challenge.  

Property body investigates municipal rates and taxes

By: David Oliveira     24th March 2017 The South African Property Owners Association (Sapoa) announced last month that it had reappointed specialist consultants Rates Watch to monitor rates policies for the next five years, owing to the negative impacts of rising municipal rates and taxes on operating costs, gross rentals and property... 

Sanral freeway incident management project clinches intellegent transport award

By: Irma Venter     24th March 2017 The Intelligent Transport Society South Africa (ITSSA) this year introduced a single biennial award for an outstanding achievement in the intelligent transport systems (ITS) industry in South Africa, for a project completed in the preceding two-year period. This first award was made at the... 

CoAL COO resigns

By: Anine Kilian     23rd March 2017 Michiel Jakobus Brönn has resigned as COO of Coal of Africa (CoAL). This follows after the Financial Services Board recently having fined him R350 000 for insider trading. 

Metair sees 7% drop in profit, signs supply agreement with Daimler

By: Irma Venter     23rd March 2017 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, has secured a multiyear supply agreement, from 2018 onwards, for the supply of enhanced flooded start/stop batteries to German car maker Daimler, in Europe, says MD Theo Loock. Speaking in... 

Gold mining operations need to transform into 'mines of the future' 

By: Natasha Odendaal     23rd March 2017 Gold Fields CEO Nick Holland believes it is time for current gold mining operations to “fundamentally transform” into “mines of the future" in order to prosper. Speaking at the University of the Witwatersrand’s (Wits’) School of Mining Engineering’s celebration of 120 years of service, on... 

Paladin launches arbitration against Langer Heinrich JV partner

By: Megan van Wyngaardt     23rd March 2017 Dual-listed Paladin Energy on Thursday launched arbitration proceedings against joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s) Overseas Uranium Holdings subsidiary to seek orders and declarations regarding the sale of the Langer Heinrich mine (LHM), in Namibia’s Erongo... 

Kibo Mining positions for power purchase agreement with the Tanzanian government

By: African News Agency      23rd March 2017 Kibo Mining said on Thursday that it was well placed to conclude negotiations on a power purchase agreement (PPA) with the Tanzanian government following the completion of restructuring and policy changes at the State-owned power supplier. This comes after Tanzania president John Magufuli in... 

AMSA officially launches Gauteng steel rail hub 

     23rd March 2017 ArcelorMittal South Africa in February officially launched its Isando Distribution Centre, in Germiston, in a long-term initiative to migrate the bulk of domestic final product steel distribution from road to rail.  

Competition Commission raids fresh produce market agents 

By: Megan van Wyngaardt     23rd March 2017 The Competition Commission on Thursday morning conducted a search and seizure operation at the premises of nine fresh produce market agents suspected of involvement in alleged cartel and price-fixing conduct in contravention of the Competition Act. The operation formed part of an investigation... 

Maxiflex welcomes customers to their doors

     23rd March 2017 Maxiflex has been a specialist and trusted supplier of a fully comprehensive range of high quality, efficient and reliable door and dock loading solutions to the Southern African industry for 27 years. Alongside the renowned in-house Maxiflex brands, the company also boasts sole distribution... 

Harmony’s Kusasalethu workers embark on illegal strike action

By: Natasha Odendaal     23rd March 2017 No employees reported for their day shifts at Harmony Gold’s Kusasalethu mine, near Carletonville, on Thursday, with the gold miner saying this is in retaliation for the suspension of Association of Mineworkers and Construction Union (AMCU) branch leadership who had encouraged an earlier go-slow... 

Kenmare swings to FY profit on the back of record production

By: Anine Kilian     22nd March 2017 London-listed Kenmare Resources recorded earnings before interest, taxes, depreciation and amortisation (Ebitda) of $5.2-million for the year ended December 31, a turnaround from the loss of $11.5-million recorded in the prior financial year. Heavy minerals concentrate production increased 28%... 

Harmony plans to grow output to 1.5Moz, outlines acquisition criteria

By: Ilan Solomons     22nd March 2017 Dual-listed Harmony Gold is aiming to increase its yearly gold production from the current 1.1-million to 1.5-million ounces over the next three years. This would be achieved by undertaking expansions at its operations in South Africa, the rest of Africa and Papua New Guinea, while also... 

Vast takes full ownership of Romania mine

By: Megan van Wyngaardt     22nd March 2017 Aim-listed miner Vast Resources now owns 100% of the Manaila polymetallic mine, in Romania, following the completion of the acquisition of the remaining 49.9% of Sinarom Mining Group from vendor Ni Jin Ming. This follows the settlement of $1.14-million in debts associated with the company's... 

Tertiary finalises sale of Finnish gold assets

By: Anine Kilian     22nd March 2017 Aim-listed Tertiary Minerals has completed the sale of its noncore gold assets in Finland to Canadian precious metals miner Aurion Resources for £100 000 in cash and shares. The assets include Kaaresselkä and Kiekerömaa and Tertiary will retain a royalty interest in these two projects. 

Anglo says South Africa reorganisation adds sale flexibility

By: Bloomberg     22nd March 2017 Anglo American said its decision to split some South African assets into a different subsidiary gives it the “flexibility” to dispose of its iron ore and export thermal coal assets should it decide to do so. The split, which was partly announced in February without reasons being given, means that... 

Alecto prepares for first blast at Mowana project

By: Natasha Odendaal     22nd March 2017 Alecto Minerals is “moving at speed” towards delivering continuous production and first sales from the Mowana copper project, in Botswana, with the first blast expected to take place within days. With appointed drill and blast contractor Capital Drilling mobilising its equipment to site, an... 

Rainbow progresses Burundi rare earths project

By: Natasha Odendaal     22nd March 2017 Rare earth elements mining company Rainbow Rare Earths has started work on the now fully permitted Gakara rare earths project, in Burundi, ahead of trial mining. Following its $8-million fundraising and successful initial public offering (IPO) on the LSE in January, preparation for mining at... 

ICMM guide to ensure greater consistency in water use disclosure

By: Anine Kilian     22nd March 2017 The International Council on Mining and Metals (ICMM) has published a water reporting guide to help mining companies disclose their water use data in a consistent manner to allow for easier comparison. ‘A practical guide to consistent water reporting’, which was released on World Water Day,... 

Jasco acquires 65% stake in Cross Fire for R52m

By: Natasha Odendaal     22nd March 2017 JSE-listed Jasco is acquiring a 65.4% stake in Cross Fire in a R52.3-million deal with Cross Fire management and its Cross Fire founder John Cross. The addition of Cross Fire will bolster Jasco’s existing fire solutions portfolio in the blue-chip corporate market and lift it into the top three... 

Zambia copper miners face $276m bill in power dispute

By: Bloomberg     21st March 2017 Zambian copper miners including the local unit of Glencore Plc could face a power bill of more than $276-million if they lose a dispute with the government over electricity tariff rises, according to Copperbelt Energy Corp., their biggest supplier. A resolution to the three-year battle could... 

South African OEM completes equipment delivery to Chinese copper mine

By: David Oliveira     20th March 2017 South African original-equipment manufacturer Galison earlier this month completed the delivery of an automated underground rolling stock solution, comprising 40 underground wagons and two tipping stations, to Chinese State-owned copper mine Pulong, in Yunnan province, China, at a cost of about... 

Scoping study demonstrates positive economics for Kyrgyzstan gold project

By: Anine Kilian     20th March 2017 A scoping study on Aim-listed Highland Gold’s Unkurtash project, in Kyrgyzstan, has demonstrated positive economics. The study, which was compiled by SRK, estimates some $322-million in capital expenditure will be require to build the mine, which is estimated to produce some 133 000 oz/y of gold... 

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