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Rainbow puts focus on Gakara ramp-up, exploration

By: Simone Liedtke     21st February 2018 London-listed Rainbow Rare Earths has set the ramp-up of production at its Gakara mine, in Burundi, and the completion of the first phase drilling programme, as its priorities for the next six months. The company on Wednesday described the six months ended December 31, as "a busy and highly... 

Utilities should embrace technology and innovation – Eskom’s Govender

By: Anine Kilian     21st February 2018 The fourth industrial revolution presents an opportunity to embrace technology and innovation in the energy sector, State-owned Eskom transmission and sustainability group executive Thava Govender said on Wednesday.   Addressing delegates at the Africa Energy Indaba in Johannesburg, he said that... 

MCA – Advancing the Future of Mobility: Legislative and Policy Framework

     21st February 2018 The Mobility Centre for Africa NPC (MCA) hosted it’s 3rd Future Mobility Roundtable in Cape Town on the 13th February 2018. The discussion, held at the Westin Hotel was the 3rd in a series of events bringing together government, industry and academia to collaborate in a drive to prepare South... 

Alexander Mining forms partnership with Turkish firm

By: Creamer Media Reporter      21st February 2018 Aim-listed mining and mineral processing technology company Alexander Mining has executed a commercial and technical partnership agreement with Turkey’s Proses Mühendislik, Danışmanlık, İnşaat ve Tasarım (Proses), which may result in the use of the company’s proprietary processing technologies... 

Glencore shoots lights out, mulls divi top-up, reaffirms South Africa

By: Martin Creamer     21st February 2018 Diversified mining and marketing company Glencore shot the lights out with a superlative set of 2017 results that coincided with a leap in its share price in Johannesburg, the reaffirmation of South Africa as an even more positive investment destination, and the mulling of a dividend "top up"... 

Govt to fast-track finalisation of outstanding mining policy

By: Megan van Wyngaardt     21st February 2018 To take advantage of the cyclical upturn in the mining sector and improved investor sentiment to boost economic growth, government needs to finalise outstanding policy and administrative reforms. The proposed implementation of the revised Mining Charter, contested by industry and the Chamber of... 

Polymetal secures offtake for Kyzyl concentrate

By: Creamer Media Reporter      21st February 2018 LSE-listed Polymetal has secured an offtake agreement with one of its established trading partners for 50% of the forecast high-carbon concentrate production from the Kyzyl project, in north-eastern Kazakhstan, with an option to increase this to 100% of its yearly concentrate output. Polymetal... 

Climate change driving energy innovation

By: Anine Kilian     21st February 2018 Climate change is a major driver of global energy innovation, says Clinton Foundation climate initiative senior regional manager Fiona Wilson. Speaking at the Africa Energy Indaba, in Johannesburg, on Wednesday, she said climate change has not just become an environmental concern, but also an... 

Perseus reports improved financial results

By: Creamer Media Reporter      21st February 2018 West Africa-focused gold miner Perseus Mining has made an operational turnaround, which is reflected in the company’s interim financial performance. Although posting a net loss of $11.5-million, or 1.18c a share, for the December 2017 half year, Perseus reported significantly improved earnings... 

Guptas' Optimum Coal risks suspension as workers protest

By: Bloomberg     21st February 2018 South Africa’s Optimum Coal mine, linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site’s social and labour plan. Workers protested Wednesday over the uncertainty at the operations. The Department of Mineral Resources conducted an inspection... 

Sibanye-Stillwater expects to report R4.44bn attributable loss for FY17

By: Creamer Media Reporter      21st February 2018 Sibanye-Stillwater expects to report an attributable loss of R4.44-billion, or $333-million, for the year ended December 31, compared with attributable earnings of R3.47-billion, or $237-million, for the 2016 financial year. In an updated trading statement issued on Wednesday, the precious metals... 

St Barbara proposes new mining method at Gwalia

By: Simone Liedtke     21st February 2018 Gold miner St Barbara is studying a change in mining and haulage at the Gwalia mine, in Western Australia, to better suit the orebody as the mine deepens. The new mining method essentially involves a move to “island pillar” methods for narrower lodes with increased mining rates, and matching... 

Wesfarmers continuing review of its remaining coal asset

By: Simone Liedtke     21st February 2018 Australian conglomerate Wesfarmers said on Wednesday that the sale of its Curragh coal mine, in Queensland, would be completed in the second half of the year and confirmed that it was continuing the strategic review of its remaining coal asset, a 40% interest in the Bengalla mine, in New South... 

Triton acquires full ownership of Mozambique graphite projects

By: Simone Liedtke     21st February 2018 ASX-listed Triton Minerals has entered into an agreement with Gregory James Sheffield and Grafex Limitada under which Triton has agreed to purchase Sheffield's 20% interest in Grafex. On completion of the purchase, Triton's interest in Grafex will increase from 80% to 100%, and accordingly,... 

China’s iron-ore discounts hit Fortescue revenue, profit falls sharply

By: Mariaan Webb     21st February 2018 Chinese steelmakers’ demand for better-quality ore has had a significant impact on Australian miner Fortescue Metals’ half-year financial performance, with revenue contracting by 18% and net profit falling sharply, sending shares down about 4% on Wednesday. Australia’s third major iron-ore... 

South Africa falls to small percentage of AngloGold output 

By: Martin Creamer     20th February 2018 South African gold mines now represent around 13% of the AngloGold Ashanti portfolio, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Tuesday. The fall in the contribution from AngloGold's South Africa region mines follows the sale of Moab and Kopanang and the closure of the Tau... 

There is relevance for nuclear power in South Africa, Niasa exec

By: Anine Kilian     20th February 2018 South Africa needs to be prepared for the nuclear build programme, which has been in the pipeline for a decade now, says Nuclear Industry Association of South Africa supply chain committee member Des Muller. Speaking at the Africa Energy Indaba, in Johannesburg, on Tuesday, Muller stated that... 

Imperial Holdings delves into unbundling plans, reports solid H1 results

By: Megan van Wyngaardt     20th February 2018 Imperial Holdings' plans for unbundling its Imperial Logistics and Motus entities, and listing them separately, are still in the works but are dependent on a number of internal and external factors, CEO Mark Lamberti said on Tuesday. The company last year said work was in progress to determine... 

Fireblade executive terminal at OR Tambo airport is now handling international flights

By: Rebecca Campbell     20th February 2018 The Fireblade Aviation Fixed-Base Operations (FBO) terminal at Johannesburg’s OR Tambo International Airport handled its first international flight last week, the company reported on Tuesday. A FBO is a private air terminal, to cater for VIP and VVIP passengers, flying into, out of and within a... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

Greatland to start exploration programme at Australian project

By: Creamer Media Reporter      20th February 2018 The Western Australian Mines, Industry Regulation and Safety department has approved London-listed Greatland Gold’s programme of work applications for drilling at the Ernst Giles project. The precious and base metals exploration and development company said on Tuesday that its exploration... 

Peel spin-out Saturn's IPO closes early, oversubscribed

By: Creamer Media Reporter      20th February 2018 Perth-headquartered Peel Mining on Tuesday announced that the initial public offering (IPO) for its subsidiary Saturn Metals had closed early with firm commitments leaving the offer oversubscribed. The company said that it had received bids beyond the maximum A$7-million subscription amount.... 

Contractors start FEED study at Stellar’s Sierra Leone project

By: Creamer Media Reporter      20th February 2018 The front-end engineering and design (FEED) study for the underground mine development at Aim-listed Stellar Diamonds’ Tongo-Tonguma project, in Sierra Leone, is now under way. Stellar on Tuesday said a team of five consultants from contractors Paradigm Project Management (PPM) and SRK Consulting... 

Australian minerals sector calls for workplace relations, education reform to build future workforce

By: Creamer Media Reporter      20th February 2018 Australia’s higher education system should be reformed and outdated workplace relations laws that discourage investment and stifle innovation and efficiency should be fixed to build the future Australian minerals workforce, said Minerals Council of Australia (MCA) interim executive director David... 

Northern Star boosts exploration spend, unveils 'game changer' discovery

By: Simone Liedtke     20th February 2018 ASX-listed Northern Star Resources has increased its total exploration budget for the 2018 financial year by A$10-million to A$45-million, owing to a series of exploration results showing that the gold producer is set to establish a ten-year life at its 10-million-ounce endowed Jundee gold... 

Sandfire delivers 66% increase in interim net profit

By: Simone Liedtke     20th February 2018 Low-cost production and a rising copper price have driven Sandfire Resources' sales to a record and enabled the ASX-listed miner to increase its dividend and strengthen its balance sheet to fund growth opportunities. High grades and strong operating margins at DeGrussa, combined with Sandfire's... 

Record production at Saracen underpins A$46m interim net profit

By: Simone Liedtke     20th February 2018 Gold miner Saracen Mineral Holdings on Tuesday reported a big jump in half year profit to A$46-million, on the back of record production in the six months ended December 31. This strong performance is said to be a direct result of the investment that Saracen has made in exploration and... 

Atterbury starts construction at R800m Midrand industrial park

By: Megan van Wyngaardt     20th February 2018 South African property developer Atterbury has started construction on Old Mint Park, a prime industrial development neighbouring the landmark South African Mint and fronting the N1 highway, centrally located between Midrand and Centurion. The R800-million project entails the development of a new... 

Moab Khotsong deal concluded

By: Megan van Wyngaardt     20th February 2018 Harmony Gold on Tuesday said all conditions precedent to its acquisition of Moab Khotsong from AngloGold Ashanti had been met and that the transaction would become effective on March 1. "The integration of Moab Khotsong will enhance the quality of our portfolio and boost our cash flows," said... 

BHP to open data rooms for US shale fields, deals may be announced before year-end

By: Mariaan Webb     20th February 2018 Mining giant BHP will open the data rooms for its onshore US assets next month, the group said on Tuesday, as it confirmed that deals may be announced before the end of this year. Under pressure from activist investors, including Elliott Management, to get out of the shale business that it... 

BHP rewards shareholders, profit jumps 25% on commodity prices

By: Mariaan Webb     20th February 2018 Higher commodity prices have helped the world’s largest diversified mining group to report a 25% increase in its underlying attributable profit and to reward shareholders with higher interim dividends. Melbourne-headquartered BHP grew its underlying attributable profit from $3.24-billion in the... 

Autonomous food robots move with the times

     20th February 2018 Manufacturers in the food and drink sector are increasingly asked to provide a wider variety of offerings, without suffering a decrease in productivity. These demands have dramatically increased both the amount, and complexity, of tests. Bruno Adam, Omron’s Mobile Projects Director Europe... 

Implats expects to narrow H1 losses

By: Creamer Media Reporter      19th February 2018 Impala Platinum (Implats) expects to narrow its headline loss a share for the six months ended December 31 to between 17c and 26c, compared with the headline loss a share of 71c reported for the six months to December 31, 2016. Its loss a share is also expected to improve to a loss of between 19c... 

Sibanye-Stillwater’s gold, platinum reserves decrease

By: Dylan Slater     19th February 2018 Precious metals producer Sibanye-Stillwater on Monday reported that its South African gold reserves had decreased by 10% year-on-year to 25.74-million ounces as at December 31, while its total platinum, palladium, rhodium and gold, or 4E, platinum group metal mineral reserves had declined by 4%... 

Public-private partnerships key for gas infrastructure development in SADC region

By: Anine Kilian     19th February 2018 Public-private partnerships are key to developing gas supply projects in the Southern African Development Community (SADC), Nepad Business Foundation (NBF) Africa infrastructure programme manager Peter Varndell said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, he said there was... 

Africa not making the most of its gas reserves

By: Anine Kilian     19th February 2018 Only 8% to 10% of Africa’s known gas reserves are being priortised, despite the fact that gas reserves on the continent are abundant, Catalyst Capital managing partner Adero Okudo said on Monday. Speaking at the Africa Gas Forum, in Johannesburg, she said there were only two crossborder pipelines... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Xtract concludes Manica hard rock collaboration agreement

By: Simone Liedtke     19th February 2018 The board of London-based diversified metals and minerals producer Xtract Resources has concluded a further collaboration agreement with Omnia Mining for the exploitation of the hard rock gold deposits at Xtract's Manica mining concession in Mozambique. This, however, excludes the hard rock gold... 

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