R/€ = 14.41 Change: -0.07
R/$ = 11.68 Change: 0.00
Au 1330.89 $/oz Change: 8.93
Pt 998.50 $/oz Change: 10.69


New products to cater for industrial, commercial applications

By: Marleny Arnoldi     Updated 2 hours 38 minutes ago Earlier this month, leading lighting solutions company Beka Schréder launched nine new luminaires, of which seven are designed to be used in industrial and commercial applications.  

Henan Tianchi pumped-storage plant upgrade, China

By: Sheila Barradas     Updated 2 hours 38 minutes ago Henan Tianchi Pumped Storage Co is upgrading its pumped-storage plant with four reversible pump turbines and generators. 

Barrick guides for lower output for longer as it works to bolster production profile

By: Henry Lazenby     Updated 6 hours ago Major miner Barrick Gold as outlined a lower production profile in the coming years as it focuses on developing four major new projects that are expected to lift output by about one-million ounces from 2021 onwards. The Toronto-based company expects to produce between 4.2-million and 4.6-million... 

De Beers sets higher output target for 2018

By: Simone Liedtke     22nd February 2018 Global diamond miner De Beers has set a production target of as high as 36-million carats for 2018. In its 2017 results announcement the Anglo American subsidiary reported a production guidance of 34-million carats to 36-million carats, which compares with 33.45-million carats produced in 2017. 

Strong copper price sees OZ Minerals double net profit

By: Dylan Slater     22nd February 2018 South Australia-focused miner OZ Minerals has delivered a strong operational performance in 2017, which enabled the miner to exploit improved copper prices and deliver a 114% net profit after tax increase to $231-million 

Resolute’s $38m net profit in line with expectations

By: Nadine James     22nd February 2018 Australia-based gold miner Resolute Mining has posted a 40% fall in first-half net profit of A$38-million, which CEO John Welborn said on Thursday was in line with expectations as the company remained in an investment phase. Revenue for the six-month period ended December 2017 was A$203-million,... 

Inside Metrorail’s cable theft and commuter crisis

By: News24Wire      22nd February 2018 Brazen thieves, who have effectively brought a critical rail route in Cape Town to a standstill for nearly six weeks, leaving thousands of commuters in the lurch, have become the focus of intense and unprecedented operations to squeeze out criminals who target beleaguered Metrorail's... 

Newmont maintains steady reserve base as resources grow

By: Henry Lazenby     22nd February 2018 NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total 68.5-million ounces for 2017, unchanged from 2016 as additions and revisions fully replaced... 

Lucara's FY17 profit dips 8% on lower sales

By: Henry Lazenby     22nd February 2018 Southern Africa-focused miner Lucara Diamond Corp has reported an 8% drop in full-year profit as lower production and the sale of fewer special diamonds weighed on the bottom line. The Vancouver-based miner, which operates its flagship Karowe mine, in Botswana, reported net income of... 

Mongolia says can build power plant to supply Oyu Tolgoi mine

By: Reuters     20th February 2018 Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power. Tensions have mounted between the Mongolian government and its... 

Volvo Trucks grows 6% in 2017, aims for another 5% in 2018

By: Irma Venter     20th February 2018 Volvo Trucks Southern Africa has increased Volvo truck sales by 6% in 2017, from 1 957 units in 2016, to 2 074 units in 2017. Volvo trucks secured a third sport in the South Africa heavy-duty commercial vehicle segment in 2017, the only segment in which it competes. 

Contractors start FEED study at Stellar’s Sierra Leone project

By: Creamer Media Reporter      20th February 2018 The front-end engineering and design (FEED) study for the underground mine development at Aim-listed Stellar Diamonds’ Tongo-Tonguma project, in Sierra Leone, is now under way. Stellar on Tuesday said a team of five consultants from contractors Paradigm Project Management (PPM) and SRK Consulting... 

RCT's Head of Product Management Dave Holman, RUC Cementation Mining's Finance Director John Walters view the signing of the partnership agreement with RUC Cementation Mining General Manager Barry Upton and RCT's Executive Director and CEO Brett White.

     20th February 2018  RUC Cementation Mining Contractors and RCT partnership Smart Technology company RCT and leading underground mining contractor RUC Cementation Mining Contractors have partnered together to further develop and deliver innovative technologies to the underground mining industry. The global... 

Local Certification Not Accepted Internationally Forces SA Hippo To Set Up Companies In Canada And USA

By: Celeste Koortsen     19th February 2018 In 1993 HAZLETON PUMPS designed, developed and manufactured the first HIPPO Flameproof Submersible Slurry pump be used underground in the South African coal mines.  These pumps had to comply with the IEC 60097-1 regulations and certified by the SABS. As a result of the success of the HIPPO... 

Sibanye-Stillwater’s gold, platinum reserves decrease

By: Dylan Slater     19th February 2018 Precious metals producer Sibanye-Stillwater on Monday reported that its South African gold reserves had decreased by 10% year-on-year to 25.74-million ounces as at December 31, while its total platinum, palladium, rhodium and gold, or 4E, platinum group metal mineral reserves had declined by 4%... 

Emmerson and Evolution restructure Tennant Creek JV

By: Schalk Burger     19th February 2018 Joint venture (JV) partners Emmerson and Evolution Mining have agreed to restructure the Tennant Creek JV gold project, in the Northern Territory, to better align assets with the respective companies. Emmerson MD Rob Bills said on Monday that the company would retain a significant exploration... 

Strikes, currency strength push Petra to H1 loss

By: Dylan Slater     19th February 2018 Strike action at some of its South African mines, currency strength and the inability to sell a parcel of diamonds from its Williamson mine, in Tanzania, negatively impacted on Petra Diamonds’ profitability in the six months ended December 31.  

Whitehaven achieves record first-half profit

By: Schalk Burger     19th February 2018 New South Wales-based miner Whitehaven Coal has increased its sales revenue by 39% year-on-year to $1.15-billion and its net profit after tax by 63% year-on-year to $257.2-million in the six months ended December 31, 2017. Operating earnings before interest, taxes, depreciation and amortisation... 

Millennium goes underground at Nullagine, awards Bartons contract

By: Simone Liedtke     19th February 2018 Gold miner Millennium Minerals has awarded its first-ever underground mining contract at the Nullagine operation, in Western Australia, naming GBF Underground Mining Company as the contractor for the new Bartons underground mine development. The underground development will access high-grade,... 

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... 

Alrosa reviews submissions for Mir reopening

By: Simone Liedtke     16th February 2018 Diamond miner Alrosa has opened a contest with a 1.5-million-rouble reward for the best solution to resume underground mining at its Mir deposit, where operations were suspended in August last year owing to a flood that killed eight people. The company said this week that it had received and... 

Galantas planning appeal hearing concluded

By: Simone Liedtke     16th February 2018 An appeal brought by a third party against Aim- and TSX-V-listed gold producer and explorer Galantas Gold's planning consent for the Omagh gold mine development has completed the hearing stage. The Court of Appeal at the Royal Courts of Justice in Belfast, Northern Ireland, heard the appeal... 

On-The-Air (16/02/2018) 

By: Martin Creamer     16th February 2018 Gold Fields is spending R200-million a year on training at its big mechanised gold mine in Gauteng. Northam yesterday switched on R900-million worth of extra platinum power on in Limpopo. The strong rand is hitting underground gold mining very hard.  

Newcrest expects output to grow as shakes off disruptions

By: Bloomberg     16th February 2018 Australia's top gold miner, Newcrest Mining, expects output to grow in the coming months as its flagship site gradually ramps up after operations there were hit by an earthquake last year, its chief executive said on Friday. That comes a day after the company reported a 58% slide in underlying... 

Senegal utility awards €197-million grid expansion contract

By: Nadine James     16th February 2018 Electrical transmission, engineering and maintenance provider Omexom, a subsidiary of Italian energy company VINCI Energies, has won the Société d’Electricité du Sénégal (Senelec) contract to install five new extra-high voltage (EHV) transformer stations, nearly 200 km of overhead and underground... 

Melbourne metro tunnel, Australia

By: Sheila Barradas     16th February 2018 The Melbourne Metro Rail Authority is increasing the capacity of the Melbourne public transport network to keep pace with the needs of a constantly growing population. 

Pembridge buys producing copper mine from Capstone

By: Mariaan Webb     15th February 2018 LSE-listed Pembridge Resources is set to be transformed into a cash flow generating copper producer with the acquisition of the Minto openpit copper/gold/silver mine in Yukon, Canada. Pembridge, which August last year moved from the Aim to LSE main board, on Thursday announced that it had signed... 

Resources Watch  

     15th February 2018 Local PGMs industry at risk, but service provider optimistic And, SA’s oldest gold mine shifts to refrigerated cooling as it reaches greater depths 

Anaconda starts work on expanded second phase of Goldboro drilling

By: Henry Lazenby     14th February 2018 Junior gold producer Anaconda Mining has started work on an expanded 7 000 m second-stage drilling campaign at its Goldboro project, in Nova Scotia. The 4 500 m drilling programme will focus on the East Goldbrook and Boston Richardson gold systems of the Goldboro deposit.  

Safe motion control in ATEX environments

     14th February 2018 Franck Roussillon, BU ACT EU Product Manager Actuators, Parker Hannifin Machinery and moving equipment is a vital element in all areas of modern automated industry, but what happens when the atmosphere in the working environment is potentially explosive? In short, regulations and directives... 

Mongolia's January coal exports drop nearly 25% from last year

By: Reuters     14th February 2018 Mongolia's coal exports dropped by nearly a quarter in January from a year earlier, with deliveries disrupted by ongoing congestion at the border with key trading partner China. The fall was part of a 6.3% year-on-year decline in overall mineral exports, according to data published by Mongolia's... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Tailings tailwind bolsters Pan African as rand gold price falls 

By: Martin Creamer     13th February 2018 The tailings retreatment tailwinds blowing strongly into Pan African Resources are poised to ameliorate the blow that the low rand gold price is delivering to the company's more cost-intensive underground operations. Coming in brilliantly ahead of schedule and below budget is the Eilikhulu... 

Mt Ridley acquires Philippines epithermal gold project

By: Schalk Burger     13th February 2018 ASX-listed gold miner Mount Ridley Mines has acquired Singapore-based Prometheus, which owns the rights to the high-grade Diwalwal gold project, on the island of Mindanao, in the Philippines. Mount Ridley will issue about 1.59-billion fully paid ordinary shares in exchange for 100% of the issued... 

Harmony's headline earnings soar, eight die, Moab transferred

By: Martin Creamer     13th February 2018 Harmony Gold on Tuesday reported improved earnings, production, grade and costs in the six months to December 31, but regrettably also eight fatalities. While Mining Weekly Online was engaged in the media conference, the transfer of ownership of Moab Khotsong assets to Harmony became official,... 

Mitchell Services buys underground coal drilling firm Radco

By: Simone Liedtke     12th February 2018 ASX-listed Mitchell Services has entered into an agreement to acquire 100% of the shares in Radco Technologies and Radco Group (collectively Radco Drilling), for A$5.3-million in cash. The cash consideration purchase price represents about two-times earnings before interest, taxes, depreciation,... 

‘Freak storm’ hits production at Westgold mine

By: Creamer Media Reporter      12th February 2018 Heavy rainfall on Saturday night has halted production at Western Australian miner Westgold Resources’ Central Murchison Gold Project (CMGP), in the Murchison goldfields near Cue and Meekatharra. Nearly 200 mm of rain fell in the region in about two to three hours, forcing the closure of the... 

Integra declares maiden resource at Florida Mountain

By: Henry Lazenby     9th February 2018 Development company Integra Resources has declared a maiden resource at its Florida Mountain gold/silver project, located 8.5 km east of Integra's DeLamar deposit, in southwestern Idaho. The Vancouver-based company reported a Canadian National Instrument 43-101-compliant inferred resource of... 

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