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Vedanta tells top English court pollution case should be heard in Zambia

By: Reuters     Updated 5 hours ago Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2 000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is... 

Don’t hurt farmers with higher electricity tariffs, says Agri Western Cape

By: Kim Cloete     15th January 2019 Sharp electricity tariff hikes would have a major detrimental effect on the agricultural sector, Agri Western Cape has said during public hearings into electricity tariffs. In its submission to the National Energy Regulator of South Africa (Nersa), Agri SA said high increases in electricity costs... 

Weir Mineral’s Cavex® Hyrdocyclone Shines In Diamonds

15th January 2019 The successful performance of Weir Minerals’ Cavex® hydrocyclones at a diamond mine in South Africa’s Northern Cape Province has proved the technology’s applicability in dense medium separation (DMS) plants treating diamondiferous material. In her presentation to the Southern African Institute of... 

Growing readymix markets with Chryso technology

15th January 2019 Leveraging its admixture technologies and its growing range of value-added products, CHRYSO Southern Africa is helping its readymix customers expand their markets despite the flat conditions in the construction sector. According to Deon Klopper, sales manager readymix segment at CHRYSO Southern... 

How The Reflux™ Classifier Increases Mining Productivity

15th January 2019 Delivering high levels of recovery, while managing large throughput efficiently is no easy job. So how exactly does FLSmidth’s REFLUX™ Classifier (RC™) achieve this? And, importantly, can it benefit your mining operations? Concisely, the RC is the slurry based gravity separator designed... 

Packed work programme ahead for Emmerson’s Morocco potash project

By: Marleny Arnoldi     15th January 2019 LSE-listed mine developer Emmerson CEO Hayden Locke has confirmed that numerous workstreams are under way or due to start throughout this year, including drilling, testing, prefeasibility and discussions with partners and offtakers, at the Khemisset potash project, in Morocco. The company... 

Alamos lifts FY18 output by 18% y/y

By: Tasneem Bulbulia     15th January 2019 Alamos Gold produced 505 000 oz of gold in 2018, meeting its guidance and marking an 18% year-on-year increase. “This was driven by strong performances from Mulatos [,in Mexico] and Island Gold [,in Canada], the latter setting a new record for production and continuing to demonstrate strong... 

Boonanarring delivers first revenue

By: Esmarie Iannucci     15th January 2019 ASX-listed Image Resources has received the first revenue from its Boonanarring mineral sands project, in Western Australia, after loading its first bulk shipment of 10 000 t of heavy mineral concentrate. The concentrate will be shipped to China s part of an offtake agreement with Shantou... 

Newmont deal for Goldcorp erodes Canada's gold clout further

By: Bloomberg     15th January 2019 Canada’s influence on the global mining industry appears to be shrinking by the day. Perhaps stung by the nationalistic backlash against Barrick Gold Corp's merger with Randgold Resources, Newmont Mining devoted a big chunk of its news release Monday explaining how its $10-billion offer for... 

Acacia exceeds production guidance despite operational transitions

By: Marleny Arnoldi     14th January 2019 LSE-listed Acacia Mining exceeded its 2018 production guidance of up to 475 000 oz, delivering 521 980 oz of gold. Interim CEO Peter Geleta on Monday said this was despite a challenging operating environment.  

Newmont seeks to become world's biggest gold producer through $10bn Goldcorp buyout 

By: Marleny Arnoldi     14th January 2019 NYSE-listed Newmont Mining Corporation and NYSE- and TSX-listed Goldcorp have entered into a definitive agreement that will result in Newmont acquiring all shares of Goldcorp in a stock-for-stock transaction valued at $10-billion. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont... 

RTS Africa fills a gap in the local hydrogen generation market with Nel Hydrogen Proton Exchange Membrane (PEM) electrolysers

11th January 2019 With its wide range of industrial uses and applications, hydrogen is a very important molecule. This gas is essential in many sectors such as chemicals, refining, metallurgical applications; as well as glass and electronics manufacturing to name a few. When it comes to the bulk manufacturing of... 

Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'

By: Bloomberg     11th January 2019 Barrick Gold’s new CE is surprised by the “hysteria” over whether the world’s largest gold miner will remain a Canadian company. Barely a week after his Channel Islands-based Randgold Resources merged with Barrick, Mark Bristow says he’s determined to keep the global miner headquartered in... 

World Gold Council believes gold will become more relevant in 2019

By: Simone Liedtke     10th January 2019 The World Gold Council (WGC) has said it believes gold will become even more relevant this year owing to “its proven record” for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns. Looking ahead, the council expects gold demand to benefit... 

Acacia’s North Mara fined $130 000 for alleged environmental transgressions

By: Simone Liedtke     10th January 2019 London-listed Acacia Mining’s North Mara gold mine, in Tanzania, has received an environmental protection order (EPO) requiring the payment of a fine of $130 000, or TSh300-million. The EPO was issued in relation to alleged breaches of environmental regulations. 

Dundee’s Chelopech mine exceeds 2018 production guidance

By: Tasneem Bulbulia     10th January 2019 Dundee Precious Metals’ Chelopech mine and smelter, in Bulgaria, achieved another record year of gold production, at 201 100 oz, in 2018, exceeding the company’s guidance of 190 000 oz to 200 000 oz. Moreover, copper production of 36.7-million pounds was in line with guidance of 35-million to... 

SAA secures R3.5bn loan to keep operating until March 

By: News24Wire      8th January 2019 South Africans Airways (SAA) says it has secured the R3.5-billion loan it needed to keep operating until the end of the financial year in March, providing a temporary relief for the cash-strapped airline. The loss-making flag carrier, which is battling cash flow challenges, is implementing a... 

Osisko makes initial investment towards share buyback programme, reduces debt by $43m

By: Simone Liedtke     7th January 2019 TSX- and NYSE-listed Osisko Gold Royalties on Monday announced that it had completed an initial investment of C$9.8-million towards its normal course issuer bid (NCIB) for 849 480 shares and that it had repaid $43-million on its revolving credit facility. The share repurchases were completed as... 

NUM bemoans nonpayment of salaries to Optimum, Koornfontein employees 

By: Simone Liedtke     7th January 2019 The National Union of Mineworkers (NUM) on Monday expressed its dissatisfaction over the nonpayment of employees’ salaries at the Optimum and Koornfontein coal mines for the past two months. NUM members and other workers will be entering their third month without being paid salaries, NUM Highveld... 

If you can't pipe it, refine it: Alberta seeks oil glut solution

By: Bloomberg     7th January 2019 What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating bottlenecks and... 

South Africa coal train derails, export line shut - Transnet

By: Reuters     20th December 2018 A 200-wagon coal train derailed in South Africa on Thursday, shutting down the rail line that links mines to the Richards Bay export terminal, freight firm Transnet said. The crew were unhurt in the incident in which 51 wagons derailed, the State-run company said. 

Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

Alamos meets quarterly guidance

By: Mariaan Webb     2nd November 2018 Canada-based Alamos Gold produced 124 000 oz of gold in the third quarter, which is in line with its guidance and 16% above the third quarter of 2017, reflecting the inclusion of the Island Gold mine, which it bought earlier this year. Year-to-date production hit a record of 379 400 oz – 23%... 

Companies on a drive to become more efficient

By: Kim Cloete     1st November 2018 Cape Town’s Groote Schuur hospital, a leading manufacturer of catalytic converters and a well-known car sales dealer have one essential thing in common. They have all managed to radically improve efficiency across their operations over the past few years. The three examples were showcased at the... 

Capital-starved mining sector creates 'buyer's market' for investors

By: Reuters     1st November 2018 Specialist mining investors have found a "buyer's market" for projects as the mining sector struggles to compete for funding with new industries, multiple industry executives said at a conference this week. Smaller mines and developers who previously found capital through retail investors in... 

Lessons on transforming manufacturing in India

By: Kim Cloete     31st October 2018 Transformational changes in manufacturing in India have been unpacked at the Lean Summit Africa 2018, in Cape Town, holding important lessons for ramping up efficiency and boosting competitiveness in South Africa. Takayuki Furuhashi, who is considered an international guru in the field of... 

Randgold, Barrick increase dividends ahead of proposed merger

By: Simone Liedtke     31st October 2018 In connection with the proposed recommended share-for-share merger of Barrick Gold and Randgold Resources, the companies have agreed on increases in the Randgold and the Barrick dividend, as well as an updated dividend policy for the new enlarged Barrick Group. Randgold shareholders will be... 

Growth stock tag possible from Far West surface project –­ DRDGold 

By: Martin Creamer     31st October 2018 When it comes to the gold sector, recovering the precious metal from dumps on surface beats pursuing it in deep, dark and dangerous underground mines. The local gold industry has put many feelers out to access gold on surface and one of the most exciting projects under way is Far West Gold... 

Kirkland Lake positioned for a ‘strong finish’ to 2018

By: Creamer Media Reporter      31st October 2018 Mid-tier gold producer Kirkland Lake is positioned for a strong finish to the year, president and CEO Tony Makuch said on Tuesday, announcing another revision to the company’s production guidance for 2018. The miner, which operates in Canada and Australia, increased its full-year guidance to... 

Atlas Copco WEDA 50+ and 60+ pumps take dewatering solutions to the next level

30th October 2018 Atlas Copco has solidified its place at the forefront of the pumps industry with the introduction of WEDA 50+ and 60+ dewatering pumps. These pumps have been designed to provide customers with enhanced levels of performance alongside improved efficiency, hassle-free maintenance as well as... 

Nzimande inaugurates R1.1bn Mt Edgecombe interchange

By: Marleny Arnoldi     30th October 2018 Transport Minister Blade Nzimande on Tuesday officially opened the R1.1-billion Mount (Mt) Edgecombe Interchange, in KwaZulu-Natal. The Minister described the interchange as a veritable civil engineering work of art that contributes greatly to easing traffic congestion, while promoting road... 

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

29th October 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... 

Dirty Water No Problem For Sykes Water Transfer Range

29th October 2018 Water transfer applications in many industries across Africa must often deal with unpredictable water quality, so it is important to specify a pump built for African conditions - tough, reliable and robust. According to Henru Strydom, Sykes product specialist at Integrated Pump Rentals, the... 

Horizonte focus shifts to funding as it ticks feasibility study box

By: Mariaan Webb     29th October 2018 Nickel company Horizonte Minerals has confirmed the economics of its Araguaia ferronickel project, in Brazil, with the completion of a feasibility study, setting up the company to advance offtake agreements and secure funding for the $443-million development. The Aim- and TSX-listed company aims... 

Great Bear raises C$3.5m for Dixie exploration

By: Creamer Media Reporter      29th October 2018 TSX-V-listed Great Bear Resources has announced a C$3.5-million private placement of shares at C$3.5 each, for further exploration at its Dixi project, in Ontario. The company entered into an agreement with Cormark Securities, pursuant to which Cormark has agreed to purchase one-million common... 

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

26th October 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... 

NGOs criticise IRP public hearings process

By: Kim Cloete     26th October 2018 Energy Governance South Africa (EGSA) has expressed concern about the way the public hearings process into the Integrated Resource Plan (IRP) has been conducted in Parliament, saying it had been a "one-way flow of information, without interrogation and interaction". The organization has penned a... 

Leagold says Santa Luz restart requires $82m

By: Creamer Media Reporter      26th October 2018 Vancouver-based Leagold has completed an updated feasibility study for the Santa Luz project that it acquired in the recent Brio takeover, which demonstrates the potential for restarting 100 000 oz/y mine at a cost of $82-million. However, the company’s first priority remains to optimise its... 

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