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Top miner sees US-China trade tensions limiting global growth

By: Bloomberg     18th September 2018 Rising US-China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion, according to the world’s biggest mining company. The confrontation between the world’s top two economies, “along with an increasingly unpredictable policy... 

New Voisey’s Bay royalty calculation agreed on

By: Marleny Arnoldi     17th September 2018 TSX-listed Altius Minerals and Nasdaq-listed Royal Gold have entered into an agreement with Vale Canada to settle litigation related to the calculation of the royalty in respect of all concentrates produced from the Voisey’s Bay mine, in Newfoundland and Labrador. The Voisey’s Bay 3% net... 

KEMPER orders logistics systems from AMOVA

By: Creamer Media Reporter      17th September 2018 Gebr. Kemper GmbH + Co. KG, headquartered in Olpe, Germany, has awarded to AMOVA GmbH (www.amova.eu), a subsidiary of SMS group (www.sms-group.com) and located in Netphen, Germany, an order worth several million euros. For the second construction stage of its new Works III, which will accommodate... 

Successful commissioning of SMS group’s fumes treatment system at Uddeholm AB, Sweden

By: Creamer Media Reporter      17th September 2018 SMS group (www.sms-group.com) has successfully commissioned the second modernization phase of the fumes treatment system of the electric arc furnace, and final acceptance (FAC) has already been granted. In phase 1, SMS group had installed a new, more efficient filter system and replaced the... 

RNC says Fathers Day vein delivers more high-grade gold

By: Mariaan Webb     17th September 2018 TSX-listed RNC Minerals on Monday announced that it had doubled the strike length of the high-grade coarse gold structure of the Fathers Day vein, in the Beta Hunt mine, to about 10 m and added that it would provide an update on the estimated ounces from this new Australian gold discovery later... 

Centerra secures short-term water sources for Mt Milligan

By: Mariaan Webb     14th September 2018 British Columbia regulators have granted TSX-listed Centerra Gold approval to pump additional water – although limited volumes – for its Mount Milligan mine. The approvals, which were received earlier than anticipated, allow Centerra to pump from groundwater wells within Mount Milligan’s... 

Spain's nuclear watchdog requests more info on Berkeley uranium mine

By: Reuters     14th September 2018 Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast... 

Myanmar unveils Bawdwin ‘starter pit’ scoping study

By: Mariaan Webb     14th September 2018 ASX-listed junior Myanmar Metals has unveiled the results of a scoping study for the Bawdwin polymetallic mine, in Myanmar, demonstrating the viability of developing a 13-year “starter pit” that will fund the life-of-mine infrastructure. Based on the indicated and inferred resources from the... 

Lundin Mining has hefty M&A appetite for copper, says incoming CEO

By: Reuters     14th September 2018 Canada's Lundin Mining is on the hunt for copper mines and projects and willing to spend up to $3-billion on mergers and acquisitions, its incoming CEO said in an interview on Thursday. But Lundin will stick with its strategy of disciplined bids and a focus on low-risk jurisdictions, Marie... 

Consultancy pursues innovation, growth

14th September 2018 Engineering consultancy AZMET continues to showcase South African engineering talent to a global audience, and the company is pursuing a number of plans for further expansions and opportunities that exist for organisations willing to innovate, says AZMET marketing director Ruan Kukard. AZMET,... 

Weba Chute Systems

14th September 2018 Effective transfer of materials in chutes is a pressing issue for all mines. With the spotlight firmly on increasing productivity through more effective discharge of materials, coupled with minimising downtime and maintenance, solutions are critical to sustainability. With over 4 000 transfer... 

Johnson Controls supply second round of York chillers for Implats’ No 16 Shaft

13th September 2018 Johnson Controls has supplied two York YK centrifugal chillers to Impala Platinum (Implats) for the planned second phase expansion of cooling capacity for its No. 16 Shaft as it heads toward a depth of 1 650 m. The chillers will be installed by the end of August 2018 and the start-up of the... 

South Africa deal flow to continue upward trend this year – Savca

By: Simone Liedtke     13th September 2018 The South African venture capital industry exceeded the R1-billion mark for the first time in 2017 – investing R1.16-billion, the Southern Africa Venture Capital and Private Equity Association’s (Savca’s) ‘2018 Venture Capital Industry Survey’ reveals. The annual publication highlights start-up... 

Byproduct inclusion boosts US lithium project’s economics

By: Mariaan Webb     13th September 2018 The inclusion of byproducts, including quartz, feldspar and mica, has delivered “substantial economic benefits” to the north Carolina lithium project that ASX-listed Piedmont Lithium is studying in the US. An updated scoping study determined that the recovery and selling of byproducts that are... 

Metallica and Melior merger creates diversified Qld mining firm

By: Mariaan Webb     13th September 2018 Brisbane-based resources firms Metallica Minerals and Melior Resources on Thursday announced a binding merger agreement, creating a diversified Queensland mining company with near-term production potential and a pipeline of future growth opportunities. The merger will combine mineral sands and... 

Yamana Gold says Argentina export tax to impact on cash flow

By: Mariaan Webb     12th September 2018 Canadian miner Yamana Gold remains on track to deliver the previously flagged “step change” in cash flow, but warned on Wednesday that the new Argentina export tax would set back its plans. Last week, Argentina President Maurico Macri announced new taxes on exports as part of a larger plan aimed... 

VIPs attending Infrastructure Africa attest to big infrastructure opportunities on the continent

By: Creamer Media Reporter      12th September 2018 Infrastructure Africa is bringing together global and regional infrastructure leaders and experts to attend the 7th annual event, kicking off in Sandton Convention Centre, Johannesburg on the 9 -10th October 2018. Africa’s premier infrastructure event continues to grow its line-up of stellar... 

Gold mining battling to attract capital – Holland

By: Martin Creamer     11th September 2018 Capital is not as easily available to gold mining companies as it used to be. Gold producers are having to compete with gold-linked alternatives and can no longer rely on equity as a guaranteed means of financing projects or addressing balance sheet gearing. Making these points at the... 

WorleyParsons provides design support for revolutionary wind power technology

11th September 2018 As an organisation that focuses on finding solutions to the world’s changing resources and energy challenges, WorleyParsons continuously seeks to develop and encourage innovative ideas, refine those ideas and take them to market. With the drive towards renewable energy gaining pace, the project... 

Alaris aiming to grow global footprint with solid FY18 results

By: Simone Liedtke     11th September 2018 AltX-listed Alaris Holdings on Tuesday said its continuing operations performed well during the financial year ended June 30, with a number of large orders received from Europe and the Middle East. During the period, the technology holding company managed to grow revenue by 17% from... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Eureka gold mine to restart production in H1 2019

By: Simone Liedtke     7th September 2018 Aim-listed Vast Resources hopes to restart production at the Zimbabwe-based Eureka gold mine, in which the company’s 25%-owned Dallaglio Investments holds a 95% interest, in the first half of 2019. Multiple work programmes are currently being undertaken at Eureka to restore the mine to... 

Late payments, ‘tick box empowerment’ undermine SA small businesses

7th September 2018 Despite their stated commitment to B-BBEE and to supporting the growth of small business, SA state organisations and large enterprises can hamper small business growth through their procedures and procurement approaches. This is according to small business experts who were speaking at the opening... 

Tribunal confirms Omnia’s R30m penalty in 2003 Nutri-Flow complaint

By: Marleny Arnoldi     7th September 2018 The Competition Tribunal has confirmed the settlement agreement between Omnia Fertilizer and the Competition Commission, in which the Omnia Holdings subsidiary agreed to an administrative penalty of R30-million. The agreement stemmed from a 2003 complaint lodged by small fertilizer blender and... 

African Rainbow Minerals earnings rise, cash mounts, dividend boosted

By: Martin Creamer     7th September 2018 The headline earnings of diversified mining company African Rainbow Minerals (ARM) rose sharply in the 12 months to June 30, when the company generated strong cash flow that has underpinned a boosted cumulative dividend payout of R1.7-billion. Headline earnings increased by 51% to R4 814-million,... 

Danakali banks on new investor mood to fund Eritrean mine

By: Reuters     7th September 2018 Fertiliser miner Danakali aims to raise $322-million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. The project will test the changing mood in the West towards the isolated nation, sandwiched... 

Red 5 enters into gold loan facility

By: Esmarie Swanepoel     7th September 2018 Gold miner Red 5 has entered into a gold loan facility of 5 015 oz with Malaysia-based investment fund Asian Investment Management Services. The gold will be made available in one tranche, with the facility to have a term of 12 months, and will be secured by a security interest in Red 5’s... 

New flowmeter from Instrotech introduced

7th September 2018 Control instrumentation distributor and manufacturer Instrotech is offering the latest Kobold Model VKP flowmeter that works on the Variable Area principle, still one of the most-used measurement principles in flow engineering.  Instead of the conical measuring pipe generally used, a conical... 

Blueprint needed for integration of smart solutions with new and old infrastructure

By: Schalk Burger     7th September 2018 The implementation of sensor networks and smart infrastructure systems can be done as part of maintenance efforts and for greenfield developments, which will help to improve infrastructure resilience and service delivery, says networking multinational Ruckus Networks sub-Saharan Africa sales... 

Positive PEA results for Nevada lithium project

By: Tasneem Bulbulia     6th September 2018 TSX-V-listed Cypress Development has announced positive results from a preliminary economic assessment (PEA) of the company’s Clayton Valley lithium project in Nevada, US. Prepared by Colorado-based engineering services firm Global Resource Engineering, the PEA focuses on a mine producing an... 

Basil Read business rescue plan meeting rescheduled

By: Marleny Arnoldi     6th September 2018 Construction firm Basil Read said on Thursday that a creditors meeting to consider its business rescue plan was held this week, but that it had been adjourned to allow more time for affected persons to engage and consider the proposals made in the plan. The meeting will be reconvened on... 

DRDGold expecting rapid gold output from West Rand tailings project 

By: Martin Creamer     5th September 2018 The high quality of the gold tailing retreatment infrastructure that surface gold mining company DRDGold has acquired on the Far West Rand in partnership with Sibanye-Stillwater is enabling the company to get into production very quickly, DRDGold CEO Niél Pretorius said on Wednesday. Speaking in... 

Calculating your return on Investment

By: Creamer Media Reporter      5th September 2018 In today’s competitive business environment, staying ahead of the game is essential. To do this, manufacturers need to ensure that their equipment remains effective and runs optimally at all times. The overall performance of machinery and equipment depends on its Overall Equipment Effectiveness... 

Coeur declares commercial production at BC silver/zinc mine

By: Mariaan Webb     5th September 2018 The Silvertip silver/zinc/lead project that Coeur Mining bought less than a year ago, has entered commercial production on September 1, prompting the NYSE-listed company to revise its full-year guidance. Coeur bought the mine, located in northern British Columbia, in October 2017 and started... 

Renard underground ramp-up completed

By: Creamer Media Reporter      5th September 2018 Quebec’s Renard underground mine has achieved its full design capacity of 6 000 t/d, with Stornoway Diamond Corp on Tuesday declaring the underground ramp-up completed. Over a 20-day period ended on August 29, ore mucked and trucked to surface averaged 6 039 t/d, against a budgeted design... 

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold operating profit up

By: Martin Creamer     5th September 2018 Surface gold producer DRDGold on Wednesday reported a sharp rise in operating profit, higher gold production and a spurt of cash flow. The Johannesburg and New York-listed company chalked up 38% more operating profit to R355.2-million, a 10% increase in gold production to 4 679 kg and a free cash... 

Syrah raises A$94m for Balama ramp-up

By: Esmarie Swanepoel     4th September 2018 Graphite developer Syrah Resources will raise A$94-milion through an institutional placement to complete the ramp-up of its Balama graphite project, through to positive cash flow. The company on Tuesday said that some 42.2-million new shares would be placed at A$2.23 a share, to raise... 

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