R/€ = 15.89 Change: -0.18
R/$ = 14.44 Change: -0.11
Au 1320.03 $/oz Change: -0.17
Pt 1088.00 $/oz Change: 3.00


AECI reports lower H1 earnings, higher revenue

By: Anine Kilian     Updated 3 hours ago Specialty chemicals and explosives manufacturer AECI on Tuesday reported higher revenue, earnings a share for the six months ended June 30. Headline earnings a share fell 48% year-on-year to 293c, while earnings a share (EPS) decreased 50% year-on-year to 292c. 

Omnia urges Nordex shareholders to accept its buyout offer

By: Creamer Media Reporter      21st July 2016 JSE-listed Omnia Holdings believes its C$0.20 a share all-cash offer to acquire Canadian firm Nordex Explosives still provides the highest value to Nordex shareholders. This comes after Nordex on July 18 announced that another bidder, Société Anonyme d'Explosifs et de Produits Chimiques (EPC),... 

DiamondCorp suspends operations to have miner’s assistants’ training refreshed

By: Natasha Odendaal     18th July 2016 Aim-listed DiamondCorp has suspended underground mining operations at its Lace diamond mine to have miner’s assistants undertake refresher training after a fall-of-ground incident in a development tunnel on the 310 m level. A miner’s assistant has been hospitalised for observation after suffering... 

South Africa’s BME to make play for Canadian explosives firm

By: Creamer Media Reporter      15th July 2016 JSE-listed Omnia Holdings will, through its BME subsidiary, make an all-cash offer to acquire Canadian firm Nordex Explosives for C$0.20 a share. “Today, we are announcing our intention to make this premium all-cash offer to Nordex shareholders. Unfortunately, the directors of Nordex were unable... 

Electrical engineering during WW2 – Part 4

By: Terry Mackenzie-hoy     8th July 2016 This is the last article in this column about electrical engineering during World War II. In point of fact, this article does not discuss electrical engineering, but flying bombs. For those of you who think that World War II was some time back in the period of fearful blank which existed before... 

First, find the world’s biggest diamonds; then don’t break them 

By: Bloomberg     6th July 2016 A black-and-yellow dump truck rumbles up from a giant pit in the mountains of southern Africa, carrying a load of freshly blasted slate-gray rock from the Letseng mine. With luck it will contain a golf-ball sized diamond worth perhaps $20-million. With even more luck the stone won’t get smashed. 

New Talisman raises $4.7m, embarks on bulk sampling programme

By: Samantha Herbst     5th July 2016 ASX-listed junior New Talisman has successfully raised $4.69-million through the issue of about 905-million shares, enabling the miner to transition from explorer to developer as it embarks on a bulk sampling programme at Talisman mine, in New Zealand’s Hauraki goldfield. “This result is one of... 

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... 

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... 

New way to mine hard rock impresses veteran researcher 

By: Martin Creamer     13th June 2016 A new way of breaking rock in Southern Africa’s narrow-reef mines is seen as safety and production enhancing. Veteran researcher Rod Pickering, who spent 20 years at the Chamber of Mines Research Organisation (Comro) running the stoping technology laboratory, says he has yet to come across a... 

On-site plugging possible using explosive welding 

By: Robyn Wilkinson     10th June 2016 Engineering, manufacturing, construction and maintenance services provider Steinmüller Africa offers explosive welding and explosive expansion services to its clients. As part of this service, the company has increased its focus on on-site plugging which enables it to fix leaks in heat exchangers... 

German company develops four machines for blind-shaft construction, enlargement

By: Dylan Slater     3rd June 2016 German mechanised tunnelling engineering company Herrenknecht AG has developed a range of four shaft boring machines for the safe and rapid construction of blind shafts or shaft enlargements to a depth of 2 000 m.  

St Helena Airport development, St Helena Island

By: Sheila Barradas     20th May 2016 The airport has been given approval to start commercial flight operations. 

Formalised status urged for artisanal, small-scale mining 

By: David Oliveira     22nd April 2016 Members of community organisations and artisanal mining and academic communities, as well as civil society groups, have called on government and mining companies to uphold the rights of all South African mineworkers, including artisanal and small-scale miners. ActionAid South Africa (AASA) mining... 

St Helena Airport development, St Helena Island

By: Sheila Barradas     22nd April 2016 The St Helena Airport has completed a successful five-day audit run. 

Iron Road reduces opex at Central Eyre

By: Esmarie Swanepoel     20th April 2016 ASX-listed developer Iron Road has reduced the operating cost expectations of its planned Central Eyre iron project, in South Australia, on the back of market repricing. An October optimisation study resulted in a reduction in the expected life-of-mine free-on-board (FOB) costs from the... 

Five illegal miners die in blasting accident at KZN mine

By: News24Wire      18th April 2016 Five people have died in a blast during illegal mining activities at the Klipwal Mine in KwaZulu-Natal, the mining company announced on Sunday. "Despite extensive search and rescue operations… five illegal miners have lost their lives in a blasting accident," Birrell Mining CEO, Lloyd Birrell,... 

Petmin’s Somkhele lifts H1 headline earnings, impairment sinks basic earnings

By: Natasha Odendaal     7th March 2016 JSE-listed Petmin on Monday posted a 70% increase in headline earnings a share to 14.32c for the six months to December 31, as its Somkhele anthracite mine, in KwaZulu-Natal, continued to deliver a “solid” performance. However, a R115-million full impairment of an investment in the Veremo... 

Portfolio refocused to lean on chemicals business

By: Malusi Mkhize     4th March 2016 Integrated energy and chemicals provider Sasol is refocusing its portfolio to lean more on its chemicals business, following the division’s turnover of R105-billion, which accounted for 57% of the group’s total turnover for the 2015 financial year. Sasol executive VP: chemicals business Fleetwood... 

St Helena Airport development, St Helena Island

By: Sheila Barradas     26th February 2016 Basil Read is participating in a further round of desktop audits with the regulator Air Safety Support International for the St Helena Airport development project. 

Bulk land sale boosts AECI’s earnings to 6% a share

By: Mia Breytenbach     23rd February 2016 Explosives and specialty chemicals company AECI’s headline earnings per share (HEPS) rose 6% to 894c for the year ended December 31, mostly owing to benefits gained from the company’s bulk property sale in Somerset West in June 2015, which contributed 230c to HEPS. Speaking at the company’s... 

Military training ground cleared for housing development 

     19th February 2016 Demining and clearance company Mechem, which is part of defence products and solutions company Denel, was called in to inspect vacant land next to Loftus Gardens in Pretoria that has been earmarked for a new housing development. Denel acting group CE Zwelakhe Ntshepe says the land was used as a... 

Great Panther restarts Guanajuato ops following explosives theft assessment

By: Creamer Media Reporter      17th February 2016 Great Panther Silver has restarted full operations at its Guanajuato mine complex, in Mexico, after the regulatory authority responsible for permitting and regulating the use of explosives concluded its investigation into explosives theft that took place at one of the operation’s mines in... 

Great Panther Silver fined for explosives theft at Mexican mine

By: Henry Lazenby     13th February 2016 Primary silver miner Great Panther Silver has paid a fine assessed by Mexican authorities after explosives were stolen from one of the mines at its Guanajuato mine complex. The company on Friday announced that the fine paid was not expected to materially impact on its financial results, though... 

AEL’s Simon Tose accepted as SAIMM fellow

By: Anine Kilian     1st February 2016 Local explosives manufacturer and distributor AEL Mining Services mining optimisation manager Simon Tose has been accepted as a fellow of the South African Institute of Mining and Metallurgy (SAIMM).   Tose said he would take the opportunity to give back to the industry, especially the youth.... 

Maptek showcases innovative through-seam blast technology at ISEE

     1st February 2016 Maptek will showcase its innovative through-seam blast technology at the annual conference on explosives and blasting techniques, ISEE, in Las Vegas next week. Maptek BlastLogic easily handles critical design factors to ensure that coal seams remain intact even during complicated blasts where... 

AEL expands South American footprint

By: Megan van Wyngaardt     21st January 2016 Local explosives manufacturer and distributor AEL Mining Services is expanding its footprint in South America by now offering its full suite of products and technical expertise directly to its customers, rather than through distributors. This, AEL South America and West Central Africa business... 

Sumatra produces high-grade ore at Tembang

By: Esmarie Swanepoel     23rd November 2015 ASX-listed Sumatra Copper & Gold has started underground production of high-grade ore at its Tembang gold/silver operation, in Indonesia. Construction of the Tembang project started in November last year, and first gold pour was achieved in September this year, about eight weeks ahead of schedule. 

Explosives industry needs knowledge management to close gaps  

By: David Oliveira     16th November 2015 Knowledge management was key to bridging the knowledge gap in the explosives industry, North-West University chemical and mineral engineering lecturer and explosives engineering programme manager Joe-Nimique Cilliers said at the inaugural Explosives Education and Research in Africa conference, in... 

Airbus unit develops counter-UAV system

By: Keith Campbell     13th November 2015 European defence company Airbus Defence and Space has developed a system to counter small unmanned air vehicles (UAVs), also known as remotely-piloted aircraft (RPAs). "We target small commercial UAVs; we do not target military UAVs," explained company mission and support systems sales head... 

Chemicals industry chief visits Modderfontein CAER Committee

     16th October 2015 Executive president of the Chemical and Allied Industries Association, Deidre Penfold, paid a visit to Modderfontein last week to update members of the Community Awareness and Emergency Response Committee on CAIA’s Responsible Care initiative.  The meeting took place at African Explosives’... 

Kefi appoints mining contractor for Ethiopia project

By: Megan van Wyngaardt     14th October 2015 Ausdrill subsidiary African Mining Services (AMS) has been contracted to carry out all premining earthworks and openpit mining at Aim-listed Kefi Minerals’ Tulu Kapi project, in Ehtiopia. Kefi and AMS would now jointly increase the efficiency of the detailed operating plan for the benefit of the... 

Omnia appoints new explosives division MD

By: Sashnee Moodley     18th September 2015 JSE-listed chemicals group Omnia has appointed Joseph Keenan the new MD of its explosives division, Bulk Mining Explosives. Group CEO Rod Humphris said in a statement to shareholders on Friday that Keenan was an accomplished international executive with more than 20 years of global experience in... 

Less Food, More Nutrition

By: Tracy Hancock     18th September 2015 Green Cell Technologies founder and CEO Roy Henderson talks to Tracy Hancock of Engineering News about his days as a South African naval officer, which he says set him up to help develop his start-up Green Cell Technologies’ Dynamic Cellular Disruption (DCD) technology aimed at improving global... 

Aureus achieves first gold sales from New Liberty mine

By: Natalie Greve     7th September 2015 Aureus mining has announced the start of gold sales and initial mining and processing operations from the 8.5-million-ton New Liberty gold mine, in Liberia, after achieving nameplate capacity at the gold plant in mid-July. The company disclosed in an operational update on Monday that the... 

St Helena Airport development, St Helena Island

By: Sheila Barradas     28th August 2015 The calibration flights for the airport are currently scheduled for mid-September. 

PFS points to coal sales of up to $48.6m/y at Mbeya project

By: Natalie Greve     12th August 2015 A prefeasibility study (PFS) on the mining portion of Tanzania-focused Kibo Mining’s Mbeya coal-to-power project (MCPP) has outlined potential yearly revenues from coal sales of between $48.4-million and $48.6-million and a yearly profit margin of between $24-million and $27-million, the company... 

Thiess wins major BHP contract

By: Esmarie Swanepoel     10th August 2015 Mining contractor Thiess has been awarded a $160-million contract from diversified miner BHP Billiton’s Nickel West division, to undertake operations at the Rocky’s Reward nickel mine, in Western Australia. Thiess would provide turnkey mining services, including mine planning, explosives, drill... 

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