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Sasol mulling bid for Chevron's South African assets

By: Reuters     1st July 2016 Petrochemicals firm Sasol said on Friday it was considering buying a majority stake in Chevron's South African assets, including a 110 000 bbl/d oil refinery and retail stations. Chevron, which has had a presence in South Africa for more than a century, said in January it would sell its 75% stake... 

Leading Oem To Showcase Brands At Electra Mining Africa

     1st July 2016 FLSmidth has long been a leader on the African continent with its suite of minerals processing, materials handling and cement processing solutions, and its participation at Electra Mining Africa 2016 will underpin the importance that this region continues to have for the company. An in-depth... 

KACO new energy welcomes new UK North and Northern Ireland Area Sales Manager.

     1st July 2016 The German inverter specialist KACO new energy has promoted Carl Cook to new Area Sales Manager. He is responsible for the North of the UK and Northern Ireland Sales and Marketing Division with immediate effect. KACO new energy, one of the leading global PV inverter manufacturers, has appointed a... 

Gold miners’ silicosis case could open floodgate for litigation in other sectors

By: David Oliveira     1st July 2016 The certification of class action status to current and former gold mineworkers suffering from silicosis and tuberculosis against more than 30 historic and current gold mining companies in South Africa potentially opens the door for similar litigation across several sectors, including those of... 

Modernisation of steel plants crucial in South Africa  

By: Robyn Wilkinson     1st July 2016 Global metallurgical processing plant supplier SMS group’s South African MD, Pieter Bezuidenhout, says the modernisation of South African steel plants is crucial in boosting the industry’s ability to remain internationally competitive in a difficult economic environment. 

Russia seeks to promote intra-Brics investment, economic development

By: Keith Campbell     1st July 2016 Russia is proposing a number of potential trade, investment and economic development projects within the framework of the Brazil, Russia, India, China and South Africa (Brics) alignment. These cover a wide range of sectors, including energy, water resources, mining and mining equipment, the... 

Solar may grow sixfold by 2030

By: Bloomberg     1st July 2016 The amount of electricity generated using solar panels stands to expand as much as sixfold by 2030 as the cost of production falls below competing natural gas and coal-fired plants, according to the International Renewable Energy Agency. Solar plants using photovoltaic (PV) technology could... 

Study finds groundwater sufficient to meet MCPP demand – Kibo

     30th June 2016 Sufficient and sustainable quantities of groundwater will be available to supply the power station at dual-listed Kibo Mining’s Mbeya coal-to-power project (MCPP), in Tanzania, with water, an  independent, integrated water availability study has determined. Consultants Shangoni Management... 

New Indian minerals policy clears way for private explorers

By: Ajoy K Das     30th June 2016 The Indian Union Cabinet of Ministers on Wednesday approved the National Mineral Exploration Policy (NMEP), paving the way for private and government agencies to bid for at least 100 mineral blocks. Under the policy, provincial governments would identify prospective mineral blocks to be... 

Rio Tinto exits Bougainville Copper

By: Mariaan Webb     30th June 2016 Diversified miner Rio Tinto has transferred its 53.8% shareholding in Bougainville Copper Limited (BCL), which owns the defunct Panguna mine, to an independent trustee, which will distribute the shares to the Autonomous Bougainville government (ABG) and Papua New Guinea government. 

Poland aides JSW with $88m for its coking plant

By: Reuters     30th June 2016 Polish State-run TF Silesia fund and the country's Industrial Development Agency (ARP) will buy a coking plant from coking coal producer JSW for 350-million zlotys ($88-million) to help the troubled State-run miner, JSW said. JSW, which closed last year with a record loss of 3.3-billion zlotys,... 

S Africa still reliant on coal, struggling to transition to low-carbon economy

By: Anine Kilian     29th June 2016 South Africa is the twelfth-greatest emitter of greenhouse gases (GHGs) in the world, as well as the biggest polluter on the African continent, according to German political foundation Friedrich Ebert Stiftung (FES) South Africa director Renate Tenbusch, speaking at a roundtable event on black... 

TFR to begin 14-day coal-line shutdown on July 11

By: Creamer Media Reporter      29th June 2016 State-owned railways utility Transnet Freight Rail (TFR) announced on Wednesday that it would begin a 14-day total shutdown of the coal export line on July 11. The yearly maintenance shutdown would continue until July 24. On average, 230 000 t/day is railed down the corridor, which links the... 

Tigers Realm inks agreement with JV partners to increase Amaam ownership

By: Samantha Herbst     29th June 2016 Emerging global coking coal producer Tigers Realm Coal has signed two binding heads of agreement (HoAs) with its joint venture (JV) partners to increase its percentage ownership of the Amaam North project, in far-east Russia, from 80% to 100, and to reduce yearly JV payments on the project’s coal... 

Aspire subsidiary awarded concession for cross-country rail corridor

By: Samantha Herbst     29th June 2016 ASX-listed metallurgical coal explorer and infrastructure company Aspire Mining’s subsidiary, Northern Railways, has been awarded a rail concession from the Mongolian government to build, operate and transfer a 547 km section of the newly agreed upon Northern Rail Corridor from Erdenet, in... 

BMI lifts thermal coal price outlook; says nickel has bottomed

By: Henry Lazenby     29th June 2016 Fitch group research firm BMI has raised its thermal coal price forecasts on the back of a more aggressive contraction in global mine output than initially expected, mainly in China. The firm now forecast Newcastle coal to average $53/t in 2016, up from $51/t, and $57/t in 2017, up from a... 

Despite volume slump, Omnia sees growth opportunities in mining sector

By: Mia Breytenbach     28th June 2016 Despite the downturn in global mining revenues and volumes, JSE-listed Omnia’s Mining division has been “remarkably resilient” and continues “to forge ahead in maintaining its position as a leading player” in the opencast mining industry on the African continent, group CEO Rod Humphris said on... 

Coal price forecast to rise on production fall

By: Martin Creamer     28th June 2016 A greater-than-expected decline in global mine production, predominately in China, has prompted Fitch group company BMI Research to forecast higher coal prices. The research group now calculates that Newcastle coal will average $53/t this year, up on its previous forecast of $51/t. 

Coal companies spend $95m on lobbying before bankruptcies

By: Bloomberg     28th June 2016 Five coal-mining companies spent $95-million to lobby US lawmakers and more than half a billion dollars on salaries for top executives in the decade before they filed for bankruptcy, according to a report by an environmental group. At the same time, the companies – Walter Energy, Patriot Coal,... 

Waterberg rail supply disappoints Exxaro

By: Martin Creamer     28th June 2016 Rail supply in the Waterberg region since the beginning of the year has been disappointing, Exxaro Resources said on Tuesday. The JSE-listed company reported receiving only 3.5 trains a week from Transnet Freight Rail instead of the required five, a situation likely to persist until the... 

SKF solutions for enhanced conveyor efficiency

     28th June 2016 SKF’s range of world class bearing, seal, lubrication, alignment and housing solutions optimise conveyor performance and efficiency by enhancing component reliability and extending equipment life. Great demands are placed on conveyors operating across diverse industries which are required to... 

India likely to tweak model revenue sharing contracts before next oil, gas auctions

By: Ajoy K Das     28th June 2016 The Indian government is ready to tweak the model revenue sharing contract between it and oil and gas exploration (E&P) companies, before putting up more blocks for auction under the newly unveiled Hydrocarbon Exploration Licensing Policy (HELP) next year. According to an official in the... 

Sentula Coal to merge with Close-Up Mining

By: Anine Kilian     28th June 2016 Diversified mining company Sentula Mining will sell its 50.5% shareholding in Sentula Coal to mining services provider Close-Up Mining. Under the terms of the deal, Sentula would dispose of its claims against Sentula Coal in the amount of R50-million to Close-Up, which will, in turn, issue 2 667,... 

Call for investigation into alleged procurement irregularities at Eskom

By: Sane Dhlamini     27th June 2016 Nonprofit organisation Corruption Watch last week issued an urgent request to the National Treasury to investigate the manner in which State-owned power utility Eskom managed its contracts with existing suppliers and its general adherence to supply chain processes, including its vetting... 

Creamer Media publishes Real Economy Insight 2016: Coal report

     27th June 2016 This eight-page brief is a synopsis of key developments in the coal industry over the past 12 months. It provides an overview of the global and South African coal markets and the role of coal in South Africa’s economy, with a particular focus on the role of coal in the generation of electricity. 

Creamer Media publishes Real Economy Insight 2016: Water report

     27th June 2016 This eight-page brief is a synopsis of key developments in South Africa’s water sector over the past 12 months. It provides details on South Africa’s water crisis, government planning and regulation, infrastructure, water supply, as well as prospects for the sector. 

Pricing freedom for India-based mining entities run by the provinces

By: Ajoy K Das     27th June 2016 As part of its aim to usher in commercial coal mining in India, the government has empowered provincial governments with pricing freedom for coal produced by provincial government-controlled mining entities. The provinces would also have the freedom to enter into joint ventures and appoint mine... 

Keaton reports R297m FY loss

By: David Oliveira     27th June 2016 South African coal miner Keaton Energy incurred a net loss of R297.3-million for the year ended March 31, compared with a net loss of R71.9-million the year before. The coal miner reported a headline loss a share of 26.9c, compared with headline earnings a share of 0.4c the year before. 

Substantive mineral law issues still far from resolved – Herbert Smith Freehills 

By: Martin Creamer     27th June 2016 The content and the implications of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill are extraordinarily complicated. Three issues, which embody the most significant negative implications for the mining industry and South Africa, have been delaying the finalisation of... 

Transnet pares back capex as commodity slump impacts demand 

By: Terence Creamer     27th June 2016 State-owned freight logistics group Transnet has pared back its 2016/17 capital expenditure (capex) plan in line with its strategy of “validating” demand ahead of moving ahead with major investments. The rail, ports and pipelines utility expects to invest around R22.8-billion during the 2017... 

Keaton expects FY loss as a result of one-off costs

By: Anine Kilian     24th June 2016 A R159.2-million impairment charge and a R61.5-million breach of contract charge will see Keaton Energy post a headline loss a share for continuing operations of between 16c and 17c for the year ended March 31, compared with headline earnings per share (HEPS) of 12.5c in the prior financial year.... 

France, Switzerland to finance small-scale green energy projects in South Africa

By: Dylan Slater     24th June 2016 An agreement to finance a technical assistance programme to assist banks in financing small scale renewable energy and energy efficiency projects in South Africa was signed on May 26 by the French Agency for Development (AFD) and the State Secretariat for Economic Affairs of Switzerland (Seco).  

Gas import tailwinds

By: Terence Creamer     24th June 2016 In May, Energy Minister Tina Joemat-Pettersson indicated that a request for proposals would be released during the current fiscal year for a floating storage and regasification unit and a gas-to-power programme, with an allocation of up to 3 126 MW. In other words, South Africa is preparing to... 

Stringent specs for plastic pipes in gas pipelines

     24th June 2016 South Africa’s gas industry is on the cusp of great growth and expansion in light of a potential global oversupply of shale gas. As a result, local plastic pipe manufacturers have to ensure that the pipes used in gas pipelines have been manufactured according to stringent specifications and... 

Copper is just a bystander in commodities’ best start since 2008

By: Bloomberg     23rd June 2016 The best start to a year for commodities since 2008 is leaving copper in the dust. The metal is one of the weakest of the 22 raw materials in the Bloomberg Commodity Index of returns this year and the worst of the major metals. 

Lenders turn away BHP port debt plan, wary of coal

By: Reuters     23rd June 2016 Australian mining giant BHP Billiton pulled a $500-million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify... 

Commodity markets entering period of stability, Orica CEO says

By: Bloomberg     23rd June 2016 Orica, the largest supplier of explosives to the mining industry, has begun to observe stability in commodity markets that have been marked by volatility, sinking profits and job cuts after a global boom ended. “We still see a lot of volatility, but I think that I’ve seen more stability than... 

RBCT unveils new R49m coal sampling lab  

     23rd June 2016 The new R49-million coal sampling laboratory recently opened at the Richards Bay Coal Terminal ensures faster sample turnaround times from a state-of-the-art facility. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the developments. 

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