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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... 

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

     15th August 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... 

Zambia's Konkola halts operations at Nchanga mine after cable theft

By: Reuters     26th July 2017 Zambia's Konkola Copper Mines (KCM) said on Tuesday it was halting operations indefinitely at its Nchanga underground mine (NUG) in Chingola state due to theft of high voltage cables. Konkola, a subsdiary of London-listed Vedanta Resources, said it had also evacuated its 991 workers. The company... 

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... 

Victor Industrial Equipment

By: Zandile Mavuso     14th July 2017 Being a manufacturer of explosion protected electrical connectors that cover voltages up to 12 000 V and current up to 750 A, the Victor group of companies – of which Victor Industrial Equipment forms a part of – offers a cable repair facility, built around the mining industry’s specific needs. 

Provincial tussle over ownership of Singareni Collieries

By: Ajoy K Das     11th July 2017 The government of the southern Indian province of Andhra Pradesh has formally demanded an equity stake in Singareni Collieries Company Limited (SCCL) and even hinted at the possibility of taking legal recourse to secure an interest in the mining company. In a communication to the federal... 

Work starts on R1.7bn fluorspar mine 

By: Martin Creamer     10th July 2017 Work has begun on the building of an opencast fluorspar mine and concentrator at Rust de Winter, 80 km northeast of Pretoria, Nokeng Fluorspar Mine announced on Monday. The wholly owned subsidiary of SepFluor said that the R1.7-billion finance for the 21-month project had been raised through a... 

Tharisa delivers another record production quarter

By: Martin Creamer     10th July 2017 Platinum group metals (PGM) and chrome producer Tharisa, which has again shown incremental improvements in production volumes and recoveries in the three months to June 30, is continuing to examine ways of further optimising its operations. The Johannesburg Stock Exchange-listed Tharisa, headed... 

Platinum to come out of Brazil after junior’s London equity raise

By: Martin Creamer     30th June 2017 Platinum is to start coming out of Brazil from next year following Thursday’s listing of Jangada Mines on the London AIM. The new platinum mining company, which advertises itself as having a project in “mining-friendly” Brazil, booked a 10% premium on a 5p a share debut, with the stock changing... 

Grassroots shareholders celebrate black-controlled manganese mine’s R300m dividend

By: Martin Creamer     29th June 2017 Against the background of rising calls for radical economic transformation in South Africa’s mining sector, particularly transformation that benefits the country’s communities, grassroots shareholders of the black-controlled Ntsimbintle were last week able to celebrate the Northern Cape manganese... 

Busiest project bidding period ever – ELB 

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

Shumba, Basil Read Mining sign MoU

By: Anine Kilian     15th June 2017 Basil Read Mining (BRM) will provide contract mining solutions to Botswana coal and energy development company Shumba Energy’s coal projects. BRM specialises in contract openpit and opencast mining. 

Aspasa to go by acronym only

By: Megan van Wyngaardt     13th June 2017 Local quarrying and mining industry representative association, the Aggregate and Sand Producers Association of Southern Africa, will from now on be known only by the acronym Aspasa. The association on Tuesday said the name change better reflects a growing and diverse member base. 

Sasol on track with R15.3-billion mine replacement project

By: Natasha Odendaal     8th June 2017 Sasol Mining, the coal mining arm of energy and chemicals group Sasol on Thursday unveiled the progress made over the past few years on its now nearly-completed R15.3-billion programme to replace its ageing coal mines in the Secunda area. Speaking during a site visit of the new Secunda-based... 

Vast Resources starts drilling at proposed second openpit at Manaila

By: Mariaan Webb     8th June 2017 Drilling has started at the proposed location of a second openpit mining operation at Aim-listed Vast Resources’ Manaila polymetallic mine, in Romania. The Carlibaba prospect presents an opportunity to materially increase resource tonnages and extend the life of the Manaila mine, Vast CEO Roy... 

Rugged mining cables & connectors for opencast & underground mining applications

     5th June 2017 Components, equipment and systems specialist, Powermite, alongside sister company, Proof Engineering, bring end-to-end cable and connector solutions for mining and industrial applications. Powermite’s rugged range of TPU mining cables with flexible Class 5 tinned annealed copper wire conductors... 

CoAL’s share price rises as Minister lifts Makhado water licence suspension

By: Anine Kilian     29th May 2017 Triple-listed Coal of Africa Limited’s (CoAL’s) shares on the JSE rose by 8.51% on Monday morning after the company announced that Water and Sanitation Minister Nomvula Mokonyane had lifted the suspension of the integrated water use licence (IWUL) for the Limpopo-based Makhado project. The IWUL... 

Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group aims to build on its 115-year heritage to become a “leading, Tier 1, infrastructure player in South... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company, conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group, aims to build on its 115-year heritage to become a “leading, tier one, infrastructure player in... 

Atlatsa revenue impacted by lower Q1 production

By: Megan van Wyngaardt     15th May 2017 Dual-listed Atlatsa Resources’ revenue decreased by 6.1% year-on-year to C$33.4-million for the three months ended March 31, owing to a 3.5% decrease in platinum group metals (PGM) ounces produced at its Bokoni mine, near Polokwane. Revenue was further impacted by a 1.5% decrease in the rand PGM... 

Huge tech rewards for SA opencast mines, but underground operations lag behind

By: David Oliveira     12th May 2017 The adoption of new technology, aimed at improving operational efficiency and lowering costs, is driving the future of the resources sector globally. However, South Africa’s deep-level underground platinum and gold mining sectors, with their unique challenges, have proven to be slower in adopting... 

Focus on future uranium tech amid subdued price

By: Robyn Wilkinson     12th May 2017 With innovations in the extraction and application of uranium constantly being made, the Uranium 2017 International Conference will provide a platform for the discussion of advances in the industry and a forum for generating new ideas. 

Tharisa buys mining equipment to further owner-mining strategy

By: Megan van Wyngaardt     11th May 2017 Dual-listed Tharisa Minerals, led by CEO Phoevos Pouroulis, has entered into a binding term sheet with MCC Contracts to buy certain of MCC’s equipment, strategic components, site infrastructure and spare parts at the Tharisa platinum group metals and chrome mine in the Bushveld Complex. This... 

Precipitous platinum price plunge putting industry at risk 

By: Martin Creamer     5th May 2017 This week’s precipitous platinum price plunge to as low as $893/oz is putting the entire platinum industry at risk, making it essential that steady hands are placed on the tiller to ensure that a national patrimony is protected. While the entire industry has been accepting a lower-for-longer... 

On-The-Air (05/05/2017) 

By: Martin Creamer     5th May 2017 The plunge of the platinum price to below $900/oz is putting the entire platinum industry at risk; The forecast fall in the iron-ore price to below $50/t will deal a heavy blow to South Africa’s iron-ore miners; and Researchers have come up with a new lightweight material that is ten times... 

Deshnee Naidoo in Tasmania as govt invests in copper restart

By: Martin Creamer     2nd May 2017 Deshnee Naidoo, who is leading the development of former Anglo American-owned zinc assets in South Africa’s Northern Cape, has just returned from a fruitful interface with the Tasmanian government, which has chosen to invest A$9.5-million in the proposed restart of the Mount Lyell copper mine, a... 

Minergy lists on BSE to build local coal industry

By: Megan van Wyngaardt     2nd May 2017 Coal and energy company Minergy listed on the Botswana Stock Exchange (BSE) last week, following the raising of P72-million through a private placement. The shares were listed to raise development funding for the company’s wholly-owned subsidiary, Minergy Coal, which owns the Masama coal resource... 

South Deep output 43% down, costs 56% up – Gold Fields

By: Martin Creamer     26th April 2017 Quarter-on-quarter gold production at the South Deep gold mine fell 43% in the first three months of 2017, when costs soared 56%, Gold Fields reported on Wednesday. All-in costs (AIC) at the mechanised mine, located 45 km southwest of Johannesburg, rose to a high level of $1 821/oz in the first... 

Universal posts record sales

By: Esmarie Swanepoel     21st April 2017 South Africa-focused coal miner Universal Coal has reported record sales and record operating cash flows during the three months to March, despite an 11% drop in production. Run-of-mine coal production for the quarter fell to 905 000 t, from 1.02-million tonnes in the December quarter, with... 

Afarak Mogale to increase ferrochrome production

By: Anine Kilian     20th April 2017 Aim-listed Afarak’s Mogale operation is now using all its operating furnaces to produce ferrochrome following the successful transition of a second furnace from silicomanganese to ferrochrome.  Prior to December 2016, Mogale only had one furnace dedicated to ferrochrome.  Owing to improved market... 

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