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Underground mining revival triggers equipment manufacturing investments

By: Ajoy K Das     8th December 2017 With green shoots emerging in the underground mining sector, a slew of Indian companies are looking to tap into opportunities by building new domestic underground equipment manufacturing capacity. For one, an Indian consortium of companies is resurrecting Mining and Allied Machinery Corporation... 

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... 

South32 okays R4.3bn project, eyes JSE for rejigged energy coal 

By: Martin Creamer     27th November 2017 Diversified mining and metals company South32 on Monday approved the R4.3-billion, 20-year Klipspruit life extension project at South Africa Energy Coal (SAEC), and at the same time set out to turn its South African energy coal business into a standalone entity, earmarked for further empowerment... 

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... 

Wescoal confident about coal market as it posts 42% boost in H1 profit

By: Megan van Wyngaardt     21st November 2017 A consistently strong operational performance from JSE-listed Wescoal’s projects has resulted in the miner posting a gross profit of R267-million for the six months ended September 30, a 42% increase from the prior year’s R188-million. It also maintained its gross profit margin at 17%. 

Maintenance programmes crucial for mine cost management

By: Robyn Wilkinson     17th November 2017 In challenging economic times, mining companies are looking to ‘sweat’ their assets, and a key cost management strategy in this endeavour is the implementation of sustainable cost management programmes with structured and proactive maintenance programmes, says mining, materials handling and... 

Orion initiates hitech regional exploration in Northern Cape

By: Martin Creamer     16th November 2017 Sydney- and Johannesburg-listed company Orion Minerals will from November 26 initiate an airborne survey across a large area of South Africa’s Northern Cape as part of a regional exploration programme that will make use of the latest available technology in an area last explored in the 1980s.... 

India’s SCCL to start work on six coal mines

By: Ajoy K Das     16th November 2017 India’s second-largest coal miner, Singareni Collieries Company Limited (SCCL), is planning to start work on six mines before the end of March. Besides ramping up production capacity, the opening up four underground and two opencast projects will enable SCCL to bridge the productivity gap... 

Afritin targets Africa tin champion title, Namibia project upscaled to commercial production 

By: Mia Breytenbach     14th November 2017 Following the demerger of Afritin Mining from Aim-listed Bushveld Minerals – and its subsequent listing as the only pure - play tin platform on the Aim last week – the company, which has assets in Namibia and South Africa, will focus on becoming “The Africa tin champion” by bringing its flagship... 

Tharisa expects higher earnings

By: Martin Creamer     14th November 2017 Platinum group metals (PGM) and chrome coproducer Tharisa on Tuesday informed the market of higher upcoming 2017 financial year earnings. The company, headed by CEO Phoevos Pouroulis, foresees substantially higher earnings per share and headline earnings per share in US cents of 21c to 23c,... 

Meccano enthusiast builds follow-up to his world’s most massive model

By: Creamer Media Reporter      10th November 2017 Meccano enthusiast builds follow-up to his world’s most massive model. In 2014, after an almost five-year build, retired university mathematics lecturer Graham Shepherd claimed to have built the world’s largest model, by mass, out of Meccano or any similar metal-based system. This was the 1 335... 

Anglo Platinum co-opens pipe factory in Mokopane

By: Martin Creamer     1st November 2017 Anglo American Platinum has drawn applause for its role in the opening of a new pipe factory in job-short Limpopo, which is aimed at sustainably developing the community of Mokopane, where the mining company operates its rich Mogalawena opencast platinum mine. Anglo American Platinum partnered... 

Atlatsa retreats into hibernation

By: Henry Lazenby     16th October 2017 Black economic empowered platinum group metals (PGMs) company Atlatsa Resources has confirmed that its 51%-owned Bokoni platinum mine, in South Africa, has been placed on care and maintenance on October 1, as part of an Anglo American Platinum- (Amplats-) backed restructuring agreement. The TSX-... 

Self-starters share secrets to success in the South African mining sector

By: Ilan Solomons     13th October 2017 There are many ways for entrepreneurs to enter the mining industry, including as project developers, service providers and product suppliers – all of which hold great opportunities and challenges, states mining investment advisory company MX Mining Capital Advisors director Dr Mike Seeger. The... 

Minergy’s Botswana coal project given quantity, quality boost

By: Martin Creamer     12th October 2017 Coal mining and trading company Minergy on Thursday reported both a quantity and quality boost to its Masama coal project in Botswana. The company, headed by CEO Andre Bojé, plans to build an opencast coal mine at Masama with the potential to produce 2.4-million tonnes of coal a year. 

Gamsberg zinc prestrip close to halfway mark – Vedanta

By: Martin Creamer     10th October 2017 The prestripping of waste rock at the Gamsberg zinc mine project in the Northern Cape is close to the halfway mark, Vedanta Resources reported on Tuesday, when its interim CEO Kuldip Kaura described as “strong” the quarterly production performances of the London-listed, India-rooted mining... 

Tharisa reports best production year

By: Martin Creamer     10th October 2017 Platinum group metals (PGM) and chrome co-producer Tharisa on Tuesday reported a record fourth quarter, which nudged the company to its best yearly production performance to date in the 12 months to September 30. The JSE-listed company, headed by CEO Phoevos Pouroulis, said in a release to... 

Afarak to acquire Zeerust chrome mine

By: Creamer Media Reporter      27th September 2017 LSE- and Nasdaq-listed Afarak Group will, through its South African subsidiary Afarak Mining Limted, acquire a 70% interest in Zeerust Chrome Mine (ZCM) from Afrika Mineral Trading & Investment Trust, for R20-million. The remaining 30% interest in ZCM will be allocated to workers, the community... 

Tharisa transitions to owner mining, absorbs 900 contractor personnel

By: Martin Creamer     22nd September 2017 Platinum group metal (PGM) and chrome co-producer Tharisa Minerals on Friday announced the unconditional purchase of mining equipment from MCC Contracts as part of its switch to owner mining, which includes the employment of 900 MCC employees, effective from October 1.  The company, which has... 

Industries should prepare for increased use of HFO gases

By: Nadine James     22nd September 2017 As a result of the Kigali Agreement, countries will gradually start phasing out the use of hydrofluorocarbon (HFC) gases, replacing them with hydrofluoro-olefin (HFO) gases and natural refrigerants like ammonia, carbon dioxide and hydrocarbons, says industrial gases supplier A-Gas South Africa.... 

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Fleet Renewal Puts Burma Plant Hire At Cutting Edge

     18th September 2017 A restructuring and fleet renewal programme at Cape Town-based Burma Plant Hire has put the company on track for further growth in the construction, mining and other sectors. Significantly, the company is a Level 2 contributor to BBBEE. In addition to its traditional base load work in the... 

Chinese group buys auctioned Mapochs mine

By: Martin Creamer     15th September 2017 The provisionally liquidated Mapochs mine has been sold under the hammer to International Resources Limited (IRL) of China, BiddersChoice MD Pieter Geldenhuys confirmed to Mining Weekly Online on Friday. In February last year, the Evraz Highveld Steel and Vanadium business rescue practitioners... 

Minergy maintains positive momentum, eyes secondary listing by July 2018

By: Natasha Odendaal     5th September 2017 As emerging coal miner Minergy posts its maiden results for the year ended June 30, much work has been completed in the background to bring to fruition the full potential of the Masama project, in Botswana. So far, the potential of the resource, which was beyond expectations, had proven far... 

Mapochs mine to go under hammer for sale to highest bidder

By: Martin Creamer     4th September 2017 The Mapochs mine, which is in provisional liquidation with its mining right intact, is going under the hammer next Thursday, when it will be sold to the highest bidder. The mine, which supplied ore for the production of both steel and vanadium before Evraz Highveld Steel and Vanadium went into... 

SA Hippo - World’s Safest Submersible Pump For Underground Mining

     1st September 2017 Coal mining accidents caused by gas and coal dust explosions account for the most fatal mining disasters around the world. However, dangerous Methane gas is present at most underground mines as well and not only in coal mines.  This was, once again, confirmed when a fatal methane gas explosion... 

Bauba swings to FY profit

By: Creamer Media Reporter      1st September 2017 JSE-listed Bauba Platinum swung to a net profit of R95.53-million in the financial year ended June 30, compared with a loss of R5.23-million in the prior financial year. The company’s only operating mine Moeijelijk resumed mining activities in January amid a significantly improved chrome ore market. 

Debate on land rehab for future farming comes to the fore as mine closures increase

By: Dylan Slater     1st September 2017 As the mining industry winds down from the supercycle, thereby coming under increasing budget constraints as markets tighten up and commodity prices fall, more mines are closing and the need for their rehabilitation is coming to the fore. There is growing debate regarding the use of rehabilitated... 

Bisichi half-year output falls on rain, contamination issues

By: Natasha Odendaal     31st August 2017 Higher-than-expected seasonal rains and stone contamination issues have impacted on London-listed Bisichi Mining’s coal output for the first half of the year. Production from the company’s direct coal mining asset Black Wattle fell to 582 000 t in the six months to June 30, from the 795 000 t... 

Focus needed to maximise S Africa’s export potential

By: Robyn Wilkinson     18th August 2017 The future of the South African materials handling sector will be impacted on significantly by sub-Saharan Africa development and the ability of South Africa to leverage its export capabilities on the subcontinent, says engineering consultant WSP Africa transport and infrastructure divisional... 

Harmony ups South African capex, pays 70% higher dividend 

By: Martin Creamer     17th August 2017 Gold mining company Harmony Gold, which spent R2.3-billion capital expenditure (capex) on its South African operations in the 12 months to June 30, will be increasing its capex to R2.7-billion for mainly the ongoing development of the Phakisa and Tshepong gold mines in the Free State. The... 

Sishen productivity leaps by spectacular 57% – Kumba 

By: Martin Creamer     25th July 2017 With 30% fewer trucks, the fleet productivity at the Sishen iron-ore mine in the Northern Cape has leapt by an extraordinary 57%, Kumba Iron Ore CEO Themba Mkhwanazi said on Tuesday, when the company reported a 23% increase in production in the six months to June 30. The contribution of... 

Fuel cell vehicle sales boosting platinum demand outlook   

By: Martin Creamer     24th July 2017 Growth potential for platinum is emerging in the rapid build-up off a low base of fuel cell electric vehicle sales. Fuel cell vehicle sales are expected to grow by more than 200% this year, with Japan targeting 200 000 fuel cell electric vehicles on its roads in 2025 and 800 000 in 2030. 

Amplats strengthens balance sheet, continues to manage for low prices

By: Martin Creamer     24th July 2017 Platinum mining company Anglo American Platinum (Amplats) reported on Monday that it has been able to further strengthen its balance sheet in the six months to June 30, despite the weaker rand basket prices in the period. In generating R4.3-billion in underlying operating cash flow, Amplats was... 

Buffalo Coal in push to slash debt and improve safety and operational efficiency

By: Ilan Solomons     21st July 2017 South African bituminous and anthracite coal miner Buffalo Coal is determined to repay all its debt and continue to improve safety standards, while improving overall operating capability to ensure its operations become optimally efficient, says interim CEO Rowan Karstel, who was speaking to... 

Illegal mining threatens infrastructure development in KwaZulu-Natal

By: Robyn Wilkinson     21st July 2017 Failure to adequately regulate illegal sand mining in KwaZulu-Natal is increasingly becoming a threat to the mining and construction sectors in the region, says Aggregate and Sand Producers Association of Southern Africa (Aspasa) director Nico Pienaar. 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     20th July 2017 Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

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