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Wescoal’s primary objective to optimise operations, extract organic growth

By: Nadine James     28th March 2018 JSE-listed Wescoal is seeking to extract organic growth by optimising its existing operations and diversifying its revenue base, says Wescoal CFO Izak van der Walt. During a media site visit to the miner’s Elandspruit operation, on Tuesday, he noted that the acquisition of Keaton Energy, in 2017,... 

Britain refuses permission for new coal mine in northeast England

By: Reuters     23rd March 2018 The British government has refused to allow a new opencast coal mine to be built in northeastern England, the Minister for Local Government said on Friday. Northumberland County Council agreed last year that developer The Banks Group could extract three-million tonnes of coal by cutting an... 

On-The-Air (16/03/2018) 

By: Martin Creamer     16th March 2018 London analysts this week stopped discounting South African share prices thanks to South Africa’s improved political outlook; A mine in the Northern Cape will be the initial beneficiary of yet another Fourth Industrial Revolution partnership clinched this week; and Hydrogen transport was this... 

Hydrogen transport proposed for opencast mines

By: Martin Creamer     13th March 2018 Hydrogen transportation technology would be useful in large opencast mines, where a number of haul trucks operate in a limited radius, says RTS Africa Engineering MD Ian Fraser. Such an application could serve as a stepping stone to the realisation of the value of hydrogen technology in... 

New orders for RTS Africa principal Nel’s hydrogen filling stations internationally ‘fuelling’ hydrogen-powered vehicle trend

     13th March 2018 The era of fossil-fuelled transportation is drawing to a close. Climate change concerns and dwindling liquid hydrocarbon reserves will undoubtedly change the patterns of personal and commercial transportation in the future. While there are sound cases to be made for the adoption of transportation... 

Universal Coal acquires stake in third operation

By: Nadine James     8th March 2018 ASX-listed Universal Coal has, through a 49% owned subsidiary, entered into an agreement to buy Exxaro Coal’s North Block Complex assets, in Mpumalanga. Universal and joint venture partner Ndalamo Resource have recently established a new company North Block Complex Proprietary Limited (NBC) to... 

Big growth plans for 15-year strong company

     1st March 2018 From humble beginnings in the opencast coal mines of Witbank, in Mpumalanga, fluid handling solutions provider Industrial Fluid Solutions (IFS) now boasts distribution across South Africa, through a network of resellers.  Focused on servicing the mining sector, IFS intends to build its presence... 

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... 

Bauba launches Moeijelijk underground chrome development

By: Anine Kilian     19th February 2018 JSE-listed Bauba Platinum officially launched the underground development phase of its Moeijelijk chrome mine, in Limpopo, on Friday. Speaking to Mining Weekly Online, CEO Nick van der Hoven said the mine, which is set to create about 400 direct and indirect jobs by December, has already started... 

Streaming, royalty agreements novel alternative funding structures for coal juniors

By: Mia Breytenbach     2nd February 2018 Streaming and royalty agreements are novel financing structures that are useful in medium-risk environments, says legal services provider Strata Legal director Brandon Irsigler. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Friday, he highlighted royalty and... 

Harmony gets shareholder go-ahead for Moab Khotsong acquisition

By: Megan van Wyngaardt     1st February 2018 JSE-listed Harmony Gold Mining's shareholders have given a 99.6% approval of the miner's plans to acquire mining operations and related infrastructure from AngloGold Ashanti. The $300-million deal will include the Moab Khotsong mine, one of the newest South African deep-level mines, with... 

Tharisa entering multi-project PGM-chrome growth phase

By: Martin Creamer     31st January 2018 Platinum group metals (PGMs) and chrome co-producer Tharisa Minerals, which predicts that a global chrome ore deficit is on the horizon, has published details of its strategic Vision 2020 growth thrust. “Tharisa is entering an exciting growth phase,” CEO Phoevos Pouroulis said in the release to... 

Higher coal prices lift MC Mining’s Q2 revenues

By: Dylan Slater     31st January 2018 Improved international coal prices and a weaker rand contributed to higher revenue for JSE-, ASX- and Aim-listed MC Mining in the second quarter of the current financial year.  

Chrome ore supply deficit ahead – Tharisa

By: Martin Creamer     30th January 2018 Platinum-group metals (PGMs) and chrome coproducer Tharisa Minerals CEO Phoevos Pouroulis is predicting a shortage of chrome ore supply in the short to medium term, driven by burgeoning stainless steel demand. Chrome ore is fundamental to the manufacture of stainless steel, demand for which is... 

Randgold expects record-breaking year at Loulo-Gounkoto

By: Natasha Odendaal     30th January 2018 Randgold Resources on Tuesday said it expects to report another record production performance at its Loulo-Gounkoto gold mining complex, in Mali, for 2017. In the tailwinds of record performance in 2016, when some 707 116 oz of gold was produced, gold output in 2017 from the complex was on track... 

Wind of change sees DMR grant prospecting licences to De Beers 

By: Martin Creamer     29th January 2018 After a two-year procrastination, the Department of Mineral Resources (DMR) has approved 16 prospecting licence applications submitted by De Beers Consolidated Mines (DBCM). The licences are all in the Kimberley area of the Northern Cape, where DBCM began mining diamonds 130 years ago. (Also... 

Consultancy to partner with black entrants as they acquire Tier 1 coal assets

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Glencore issues invitation to tender for supply of steel to South African mine

By: Creamer Media Reporter      12th January 2018 Diversified miner Glencore has issued an invitation to tender for the supply of leach vats structural steel at its opencast Rhovan mine, near Brits, in the North West, in South Africa. Interested parties have until January 24 to register, with a site meeting scheduled for January 25. 

Tharisa enters 2018 with a bang

By: Martin Creamer     10th January 2018 The market fundamentals for chrome remain sound with continued growth forecast for the global stainless steel industry, Tharisa said on Wednesday, when it reported a strong operational performance in the three months to December 31. The Johannesburg Stock Exchange-listed chrome and platinum group... 

Retrenched Gupta mine employees fail to receive pay

By: Martin Creamer     22nd December 2017 Forty-four people retrenched from the Shiva Uranium Mine in North West belonging to the Gupta company Oakbay have failed to receive expected December pay that formed part of an agreed retrenchment package, Democratic Alliance (DA) councillor Maritha Coetzee told Mining Weekly Online on Friday.... 

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... 

On-The-Air (01/12/2017) 

By: Martin Creamer     1st December 2017 A top French company flew into South Africa this week to herald a new technology era for mining; Australian mining company South32 will begin spending R4.3-billion this month on a life extension coal project in Mpumalanga; and The Australians this week came up with an earlier-than-expected... 

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... 

Zimbabwe invites investment in underground chrome mining 

By: Martin Creamer     8th November 2017 Zimbabwe on Wednesday invited investors to focus on underground chromium operations rather than cheaper strip mining operations, from which most of the country’s chromium ore is currently extracted. In a keynote opening address to the 33rd Chromium Conference, which is being held in South Africa,... 

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... 

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