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Bauba says High Court halts mining right grant to Samancor Chrome

By: Marleny Arnoldi     7th December 2018 JSE-listed Bauba Platinum on Friday informed its shareholders that the High Court, in Pretoria, had set aside the granting of a chrome-ore mining right to Samancor Chrome in respect of the farms Wintersveld, Jagdlust and Zeekoegat, owing to a lack of proper notice and consultation with interested... 

Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

DMR gives the green light for Afarak’s Zeerust chrome mine

By: Marleny Arnoldi     26th October 2018 Aim-listed Afarak Group has been granted a Section 11 approval for its Zeerust chrome mine, by the Department of Mineral Resources (DMR), and preparations are under way to start operations during the fourth quarter. The Section 11 approval allows Afarak to start mining and to secure an... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

South32 foresees short-term volatility, but long-term growth, sustainability 

By: Schalk Burger     25th October 2018 Diversified mining and metals company South32 on Thursday forecast short-term price volatility for the commodities it produces, but also highlighted its strong cash position and its work to further optimise its global portfolio of assets. In a speech delivered at the company’s 2018 annual general... 

Berkeley plunges on Spain permit uncertainty

By: Mariaan Webb     17th October 2018 The stock of triple listed Berkeley Energia plunged on Wednesday, after news reports that the Spanish government has decided not to issue the permits needed for its Salamanca uranium mine. Berkley, which on Monday alerted investors to a delay in receiving an urbanisation licence, traded nearly... 

Chile's State copper firm outlines lifeline plan for Salvador mine

By: Reuters     17th October 2018 Chile's State copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. The Rajo Inca project would convert the existing mine, which has been in operation... 

Ongoing Evolution Keeps Booyco Pds As Fit For Purpose

16th October 2018 In line with the Mine Health and Safety Act’s regulations on machinery and equipment, the onus is on mines to ensure that their proximity detection systems (PDSs) are ‘fit for purpose’ when it comes to preventing collisions between trackless mobile machines (TMMs) and pedestrians. In terms of the... 

Indian State miners to form JV for power projects

By: Ajoy K Das     10th October 2018 Two of India’s largest State-run miners, Coal India Limited (CIL) and NLC Limited (formerly Neyveli Lignite Corporation Limited), have announced a joint venture (JV) to combine their respective strengths to implement thermal and renewable energy projects. According to mandatory filing with the... 

Zimplats held up as mine safety benchmark at Joburg Indaba

By: Martin Creamer     4th October 2018 Zimplats platinum mine in Zimbabwe was held up as a safety benchmark at the Joburg Indaba, which on Thursday observed a minute’s silence for mining colleagues fatally injured at work. Opening the second day of the well-attended event, Gold Fields, Kumba Iron Ore and AfriTin director Terence... 

South African, global mining industry facing risks – PwC

By: Marleny Arnoldi     3rd October 2018 The challenges facing the local mining industry this year are comparable to those facing the global mining industry, PwC Southern Africa CEO Dion Shango said on the first day of the Joburg Indaba, on Wednesday. He said said there is a strong correlation between the market capitalisation of... 

Aveng to sell rail business to Mathupha Capital for R133m

By: Terence Creamer     3rd October 2018 JSE-listed infrastructure group Aveng announced on Wednesday that it would sell its rail business to black-owned investment company Mathupha Capital for R133-million. The proposed transaction is subject to several conditions, including Competition Commission approval, but it is nevertheless... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Harmony Gold shows off growing portfolio quality in Denver

By: Martin Creamer     26th September 2018 Harmony Gold’s Moab Khotsong mine in South Africa and Hidden Valley mine in Papua New Guinea will together produce a third of the guided 1.5-million ounces in the 12 months to end June, with the projected 500 000 oz from these two operations being produced at an all-in sustaining cost of $950/oz,... 

750 t SANY excavator expected to be a big hitter in the mining industry

21st September 2018 What is believed to be the largest excavator in Africa has been launched by Goscor Earth Moving (GEM), part of the Goscor Group, and official distributor of SANY. The SY750 is a primary loading tool for the mining industry, from opencast to alluvial diamond mining. The 750 t excavator is ideal to... 

Minergy lauds Botswana regulatory authorities

By: Martin Creamer     20th September 2018 Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north... 

750 t SANY excavator expected to be a big hitter in the mining industry

19th September 2018 What is believed to be the largest excavator in Africa has been launched by Goscor Earth Moving (GEM), part of the Goscor Group, and official distributor of SANY. The SY750 is a primary loading tool for the mining industry, from opencast to alluvial diamond mining. The 750 t excavator is ideal to... 

New Botswana coal mine development under way – Minergy

By: Martin Creamer     18th September 2018 Work is under way on the new Masama coal mine, which Botswana Stock Exchange-listed Minergy expects to commission in January, ahead of its primary listing on London’s Alternative Investment Market (Aim) in the first half of next year. The 390-million-tonne Masama, located in the Mmamabula... 

Pan African expects lower earnings

By: Martin Creamer     14th September 2018 Gold mining company Pan African on Friday advised shareholders that earnings in the 12 months to June 30 are expected to be lower than for the corresponding period last year. But the challenging operational environment has been ameliorated by the pouring last month of the first gold at the newly... 

Coal crunch faced by Indian nonpower sector to ease, not end

By: Ajoy K Das     14th September 2018 The coal shortage faced by the nonpower sector is expected to continue, although a reversal of the trend may emerge toward the end of the month, Coal India Limited (CIL) chairperson Anil Kumar Jha has said. “A surge in demand for coal at the start of the summer months this year forced CIL to... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Netstar introduces mine fleet safety solution

By: Marleny Arnoldi     11th September 2018 Telecommunications and information technology company Allied Electronics Corporation’s Netstar subsidiary has developed a unique and fully compliant solution that helps mitigate accidents in mine fleets. “Ensuring safe working conditions for the mining sector is a challenge, particularly when... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

African Rainbow Minerals earnings rise, cash mounts, dividend boosted

By: Martin Creamer     7th September 2018 The headline earnings of diversified mining company African Rainbow Minerals (ARM) rose sharply in the 12 months to June 30, when the company generated strong cash flow that has underpinned a boosted cumulative dividend payout of R1.7-billion. Headline earnings increased by 51% to R4 814-million,... 

Royal Sheba exceeding expectations – Pan African

By: Simone Liedtke     6th September 2018 An updated mineral resource estimate at gold miner Pan African Resources’ Barberton mine Royal Sheba project has revealed a 150% increase in mineral resources to 899 000 oz, the Johannesburg- and London-listed company reported on Thursday. The company is continuing with an exploration drilling... 

Randgold ends Tongon employee lock-out, revises mine’s output guidance

By: Creamer Media Reporter      5th September 2018 While operations at LSE- and Nasdaq-listed Randgold Resources’ Tongon mine, in Côte d’Ivoire, have returned to normal on Wednesday, the company has revised the mine’s full-year production guidance downward to 230 000 oz of gold. It previously expected the mine to produce 290 000 oz of gold this... 

Bauba optimistic for FY2019, despite potentially weaker chrome market

By: Simone Liedtke     30th August 2018 JSE-listed Bauba is optimistic about prospects for the 2019 financial year, despite the possibility of a weaker chrome market. Commenting on the chrome producer’s results for the 2018 financial year, ended June 30, CEO Nick van der Hoven explained that the ramp-up of underground production to 30... 

Minergy awarded mining licence for Botswana coal mine

By: Marleny Arnoldi     28th August 2018 Botswana Stock Exchange-listed Minergy aims to commission its Masama coal mine, in Botswana, in January, and to start producing coal within a month thereafter. This follows the company being granted a mining licence by the Ministry of Mineral Resources, Green Technology and Energy Security.  

Free gold on cards at Harmony’s Wafi-Golpu project 

By: Martin Creamer     22nd August 2018 South Africa’s Harmony Gold is now in the next significant special-mining-lease milestone on the journey towards the co-development of the rich Wafi-Golpu project in Papua New Guinea (PNG), 65 km south-west of the Port of Lae, PNG’s industrial hub and second largest city. Harmony owns 50% of this... 

Rapid Moab integration boosts Harmony Gold’s cash flow 

By: Martin Creamer     21st August 2018 The rapid integration of the Moab Khotsong gold mine into the Harmony Gold group has boosted the company’s overall underground gold grade, lifted production, driven down all-in sustaining unit costs and doubled free cash flow. Harmony acquired the deep-level Moab Khotsong mine from AngloGold... 

Randgold looking across the Atlantic

By: Martin Creamer     10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... 

Sitatunga Resources hopes to create jobs at newly acquired colliery

By: Anine Kilian     8th August 2018 Exploration and mining project development company Sitatunga Resources, which has bought Wescoal’s coal assets near Newcastle, KwaZulu-Natal, believes its investment in the Braakfontein Colliery will create much-needed jobs in the area. Braakfontein Colliery is an advanced-stage exploration... 

Universal's A$18.6m deal advances

By: Esmarie Iannucci     8th August 2018 The South African Department of Mineral Resources (DMR) has given ASX-listed Universal Coal approval for the transfer of ownership of the Glisa and Eerstelingsfontein mining rights. Universal, through a 49%-owned subsidiary North Block Complex Proprietary (NBC), in March entered into an... 

Vedanta delivers strong Q1 Ebitda

By: Simone Liedtke     6th August 2018 Diversified miner Vedanta Resources on Monday announced that it had delivered strong earnings before interest, taxes, depreciation and amortisation (Ebitda) and drove steady margins in the first quarter of the 2019 financial year. The margins, the miner highlighted, were driven by record volumes... 

Voorspoed diamond mine to close after search for bidder fails  

By: Martin Creamer     31st July 2018 The Voorspoed diamond mine in the Free State is scheduled to close by year-end if the Department of Mineral Resources (DMR) is unable to secure, in the next 30 days, a suitable bid that will set the seal on the employment and community support that this Kroonstad-area mine provides. The decision... 

First tin concentrate to market in Q4 – AfriTin 

By: Martin Creamer     30th July 2018 Emerging tin mining company AfriTin is on track to place its first tin concentrate into the market in the fourth quarter of this year. The Aim-listed company is going all out to put Africa, once the fourth-biggest exporter of tin but now without an industrial-scale mine, back on the global tin... 

West Wits breathes life into old gold mine

By: Marleny Arnoldi     26th July 2018 ASX-listed exploration and development company West Wits Mining is reinvigorating the goldfield known as the Witwatersrand basin, near Roodepoort, which has a revised Joint Ore Reserves Committee-compliant mineral resource estimate of 3.67-million ounces of gold. The company has restarted openpit... 

Karo officially launches Zimbabwe platinum project

By: Anine Kilian     24th July 2018 Zimbabwe and platinum producer Karo Platinum on Tuesday officially launched the Karo platinum project, in Chegutu, Zimbabwe.  “We are excited about partnering with Zimbabwe and its people in building a long-term and sustainable business. Zimbabwe has an extraordinary metal and mineral endowment... 

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