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Political will needed to maintain South Africa growth momentum

By: Reuters     11th December 2017 South Africa's economy needs political support to maintain upward momentum into next year, a Reuters poll found on Monday, just days before a conference of the ruling African National Congress. Medians in the poll of 26 economists, surveyed by Reuters last week, suggested the economy will grow... 

South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

Tshipi Borwa manganese mine boosts Jupiter to R336-million interim profit

By: Schalk Burger     6th December 2017 South Africa’s Tshipi Borwa manganese mine provided ASX-listed Jupiter Mines with an interim profit of R336-million, while its Australian Mount Ida magnetite and Mount Mason direct shipping ore hematite projects remain under care and maintenance. “During the half-year period, the focus was on the... 

Data workers prove a rare resource for Barrick, fellow miners

By: Reuters     6th December 2017 Barrick Gold, the world's biggest gold miner, is staking new ground in a dogged push to overhaul its operations, seeking scarce artificial intelligence experts to oversee projects using technology for everything from exploration to robot-run mining. But for an industry perceived as slow-moving... 

Harmony Gold spells out value of Moab investment

By: Martin Creamer     6th December 2017 The acquisition of the Moab Khotsong gold mine represents a significant list of advantages for Harmony Gold, the company outlined in an investor brief on Wednesday. The Johannesburg Stock Exchange-listed gold mining company calculates that inclusion of the Moab Khotsong operations the company... 

Decision Inc. mergers with Resolve Immix to form an Information Technology global force

     5th December 2017 Decision Inc. has announced its merger with South African-based software solutions provider Resolve Immix. The merger will integrate Immix’s Enterprise Resource Planning (ERP) and Customer Relations Management (CRM) experience alongside Decision Inc.’s Information Management and Advisory Services... 

India likely to tweak iron ore fines grades to lower incidence of export tax

By: Ajoy K Das     5th December 2017 The Indian government is considering more gradations in iron-ore fines, based on ferrous content that will offer partial relief from incidence of export tax. The Mines Ministry has constituted a committee to review the existing export duty structure on iron-ore fines and to reconcile conflicting... 

Uranium companies jump on another round of Kazatomprom production cuts

By: Henry Lazenby     4th December 2017 An announcement Monday by the world’s largest uranium producer, the National Atomic Company of the Republic of Kazakhstan (Kazatomprom), that it would curtail another 20% of output for three years, starting from January, sent most TSX-listed uranium companies’ equities soaring. The national miner... 

Atalaya board approves €80.4m expansion in Spain

By: Mariaan Webb     4th December 2017 European mining and development company Atalaya Mining on Monday announced its decision to proceed with the 15-million-tonne-a-year expansion of its Proyecto Riotinto mine, in Spain. The €80.4-million expansion would upgrade processing facilities, including the installation of a new primary... 

Rio Tinto aims for 'intelligent' Australian iron-ore mine

By: Reuters     4th December 2017 Rio Tinto next year will seek board approval to develop an "intelligent" iron ore mine at a cost of $2.2-billion, fully incorporating technologies such as robotics and driverless trains and trucks on a single site, the company's head of iron-ore said on Monday. A feasibility study was underway... 

No opencut mining at Drayton South, but underground allowed

By: Mariaan Webb     1st December 2017 The New South Wales government on Friday announced that it would amend policies to ban opencut coal mining in the Hunter Valley, where a heated battle between horse stud owners and major miner Anglo American has been raging over the Drayton South coal project. The New South Wales government,... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once- in-a-lifetime investment opportunities among the four key ‘energy metals’ –... 

Tyranna announces Kalgoorlie gold mine acquisition

By: Creamer Media Reporter      1st December 2017 ASX-listed gold explorer Tyranna Resources on Friday announced the acquisition of the near-producing Eureka project in Kalgoorlie, Western Australia, from TSX-V-listed Central Iron Ore for $3.2-million consisting of cash and shares. The acquisition of the Eureka project, including the Eureka... 

Novo meets commitment to earn 50% in Karratha JV

By: Mariaan Webb     1st December 2017 Canada’s Novo Resources has satisfied its farm-in and joint venture (JV) expenditure commitment to earn 50% into a venture with Australia’s Artemis Resources focusing on conglomerate gold in the Karratha region of the Pilbara. Three separate unincorporated 50:50 JVs have been formed between Novo... 

Unfiltered air shortens air compressors’ life span 

By: Victor Moolman     1st December 2017 With many industrial air compressors being used in dusty conditions, the lack of proper filtration of incoming air can shorten the life span of the compressors by 75% to 80%, says specialised engineering company RTS Africa Engineering MD Ian Fraser. “Air compressors used in industries are, for... 

Resources Watch  

     30th November 2017 This week: Argentina Lithium embarks on 10 000 m drill campaign And, Mato Products celebrates thirtieth anniversary 

Lionsgold raises £550 000

By: Creamer Media Reporter      30th November 2017 Aim-quoted Lionsgold has raised £550 000 through the placing of shares, the company announced on Thursday, as CEO Cameron Parry said the firm was preparing for “key moments” over the coming weeks and months. "We have a highly talented team of natural resource industry skilled professionals who... 

Lonmin to cut social, discretionary spending to save cash

By: Reuters     30th November 2017 Troubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters. The South African miner, not for the first time, is facing an... 

Ansys boosts its IP, skills to capture future business

By: Schalk Burger     29th November 2017 AltX-listed digital technology solutions company Ansys has invested in developing its intellectual property (IP) and human capital to capture new business as a result of the digitalisation of operations in the sectors in which it operates, Ansys Group CEO Teddy Daka said during a presentation of... 

Small-scale mining has big future but requires formalisation, planning

By: Mia Breytenbach     29th November 2017 With industrial mining on the decline, smaller- to medium-scale mining operations are the future, according to Bench Marks Foundation South Africa lead researcher David van Wyk. Addressing delegates at the Science Business Society Dialogue Conference on Linking Science, Society, Business and... 

IDC outlines actions for mining industry to inch closer to success

By: Mia Breytenbach     28th November 2017 While the Toronto Declaration-based standards for the mining industry, adopted by the International Council of Metals and Mining, are broadly accepted as encompassing mines’ social licence to operate, only an “arrogant or stupid person” would argue that all relevant standards have been met, says... 

GoviEx receives top honours at Africa investment showcase

By: Megan van Wyngaardt     28th November 2017 TSX-V-listed GoviEx Uranium was given the gold award for best mining project at the recent Africa Investment Forum and Awards (AIFA) in Paris, France. The AIFA is an event dedicated to African business opportunities in fields such as mining, energy, infrastructure and real estate. A rigorous... 

Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg 

By: Mia Breytenbach     27th November 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Supreme Court directs committee to probe illegal mining in Odisha

By: Ajoy K Das     27th November 2017 Illegal mining in India is back on the centre stage, with the country’s apex court ordering the establishment of an expert committee to review breaches in regulation leading to such activity in eastern province of Odsiha. In a verdict last week, the Supreme Court directed that the committee be... 

Updated price and exchange rate forecasts boost Image BFS

By: Mariaan Webb     27th November 2017 ASX-listed Image Resources has updated its bankable feasibility study (BFS) for the Boonanarring and Atlas mineral sands deposits in the Perth basin to reflect higher commodity prices and an updated exchange rate. The new inputs significantly boosted the project’s economic metrics, with pretax... 

BHP, Goldman hunt for energy fix amid remote banana plantations

By: Bloomberg     27th November 2017 The world’s biggest miner and Wall Street’s top-ranked merger firm are among the high-profile backers of a remote solar project nestled among banana crops in Australia’s far tropical northeast. For BHP Billiton, it’s a chance to unlock renewable technology for the global mining sector. As... 

SEW-EURODRIVE confirms its presence at bauma CONEXPO Africa 2018

     24th November 2017 SEW-EURODRIVE South Africa has confirmed its  presence at bauma CONEXPO Africa 2018 from 13 to 16 March 2018 at the Johannesburg Expo Centre in Hall 5, Stand D30. Attending this premier exhibition for the mining and construction industry in Africa is part and parcel of the company’s strategy to... 

On-The-Air (24/11/2017) 

By: Martin Creamer     24th November 2017 Turning mine dump sand into gold received a major boost this week when Sibanye and DRDGold joined forces; Sasol this week announced a new growth strategy that shuns its pioneering technologies of turning coal into petrol and gas into diesel; Gold Fields this week became the second mining company... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Precision control boosts productivity on Bobcat E55 compact excavator

     23rd November 2017 Precision control of the boom, arm, and bucket is critical in harsh operating environments such as Africa. It is for this reason that Bobcat Equipment South Africa is punting the Bobcat E55 compact excavator as the toughest and most efficient machine on the market today. Precision control and... 

Gold Fields invests R6m to boost mechanised mining skills

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Havilah teams up with CMC to develop North Portia

By: Creamer Media Reporter      22nd November 2017 South Australia copper-focused junior Havilah Resources and mining partner Consolidated Mining and Civil (CMC) have agreed to jointly advance the North Portia copper/gold deposit, which is a key element of miner’s copper growth strategy. The parties have signed a binding memorandum of... 

Premier raises £1-milion in oversubscribed share offer

By: Megan van Wyngaardt     21st November 2017 Aim-listed Premier African Minerals received a strong response to its offer to raise £500 000 at 0.4p apiece, with the offer oversubscribed. The offer closed early when £1-milion was surpassed, with Premier now issuing 252-million shares, which will rank equally with the company's existing... 

Eskom’s ‘death spiral’ under the microscope 

By: Terence Creamer     21st November 2017 A major topic of discussion during recent public hearings into Eskom’s 2018/19 revenue application, was whether a further double-digit tariff hike could trigger a “utility death spiral”, whereby rising tariffs and utility costs spark an exodus of energy-intensive customers from the network,... 

Heavy Kwatani Screen For Gamsberg

     21st November 2017 Spartan-based vibrating screen specialist Kwatani, driven by its aggressive cost leadership strategy, is supplying a large exciter-driven grizzly feeder and a sizing screen to the Gamsberg zinc project near Aggeneys in South Africa’s Northern Cape Province. As the flagship of miner Vedanta Zinc... 

Lucapa sells 4 126 ct parcel for A$9.6m

By: Megan van Wyngaardt     20th November 2017 ASX-listed Lucapa Diamond Company sold 4 126 ct of diamonds, achieving proceeds of A$9.6-million at its eighth alluvial diamond sale for the year. Sold in conjunction with its partners, Empresa Nacional de Diamantes and Rosas & Petalas, the diamonds from the Lulo project in Angola averaged A$2... 

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