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Mobility to the power of four

20th July 2018 Atlas Copco’s Power Technique business area will display its four-pillared product portfolio that delivers the perfect balance between performance, versatility, reliability, efficiency, and portability at Electra Mining 2018. “Focused on mobility, our products power customer productivity across a... 

Evolution warns of production drop in 2019

By: Esmarie Swanepoel     20th July 2018 Australian gold miner Evolution Mining has reported higher production in its June quarter, compared with the previous quarter, hitting its full year production targets. However, the miner this week warned of lower outputs in the 2019 financial year. 

Mount Gibson stays steady

By: Esmarie Swanepoel     20th July 2018 Junior miner Mount Gibson has reported another steady quarter of iron sales during the June quarter, with one-million tonnes sold for revenues of A$45-million. “It was pleasing to complete the financial year with another solid operational effort in the Mid West and excellent progress at our... 

Growthpoint takes first Cape Town commercial property off the water grid

By: Natasha Odendaal     19th July 2018 The District building, in Woodstock, has become the first of Growthpoint Properties’ commercial properties in Cape Town to shift off the municipal water grid and become water net-positive. The property giant on Thursday said the 1 750 people using the multitenant office and retail building... 

Northern Star's record output beats expectations

By: Esmarie Swanepoel     18th July 2018 Gold miner Northern Star Resources has reported record production in the June quarter, with the company also exceeding its full-year guidance. Northern Star produced 183 949 oz of gold during the three months to June, with full-year production reported at 575 121 oz, exceeding the full-year... 

Minjar Gold to process GBM's Mt Coolon ore

By: Esmarie Swanepoel     18th July 2018 ASX-listed GBM Resources has signed an ore sale and purchase agreement for its Mt Coolon gold project, in Queensland, with Minjar Gold. The agreement will see GBM mine ore at Mt Coolon, and then truck this ore to the Pajingo gold operation for processing, by Minjar. 

Kenmare Q2 production in line with expectations, reduces debt

By: Simone Liedtke     17th July 2018 LSE-listed mineral sands producer Kenmare Resources produced 377 900 t of heavy mineral concentrate (HMC) in the second quarter ended June 30, a 5% increase on the 359 200 t produced in the first quarter of the year, in line with expectations. Ilmenite production for the second quarter was 238... 

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke     17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... 

Saracen sets higher target for 2019

By: Esmarie Swanepoel     17th July 2018 Gold miner Saracen Mineral Holdings has a beaten its production expectations for the 2018 financial year, and set itself a higher target in 2019. Saracen on Tuesday reported record gold production of 316 453 oz during the full year ended June, which was above the 310 000 oz to 315 000 oz target... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

Major Beadell shakeup targets $100m cost savings

By: Esmarie Swanepoel     16th July 2018 Gold miner Beadell Resources has implemented major management changes and cost reductions at its Tucano mine, in Brazil, that could save more than $100-million. CEO and MD Simon Jackson and COO Peter Holmes will step down from their current positions, with Dr Nicole Adshead-Bell taking over as... 

Symbol secures offtake and financing for Macy

By: Esmarie Swanepoel     16th July 2018 ASX-listed Symbol Mining has inked an offtake and marketing agreement with Noble Resources international for its Macy zinc project, in Nigeria. The offtake and marketing agreement also secured the final funding requirements for the development of the Macy project, with a short-term $3-million... 

MOD could increase plant throughput at T3

By: Esmarie Swanepoel     16th July 2018 ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput. MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate... 

Perseus sets conservative target for 2019

By: Esmarie Swanepoel     13th July 2018 Dual listed Perseus Mining has set a production target of between 130 000 oz and 150 000 oz for the next six months to December, following a strong June quarter and full year. The miner said on Friday that based on actual operation performances at both its Edikan and Sissingue mines, in Ghana... 

Compressed air dryer freezing the costs of energy consumption

By: Halima Frost     13th July 2018 Compressed-air treatment suppliers Artic Driers International, also the Southern Africa distributor of global manufacturer SPX Flow Busan products, has introduced a new approach in compressed-air drying South Africa through the Phase Change Material (PCM) compressed-air dryer. “The constant need... 

Company to expand channel blowers range

By: Halima Frost     13th July 2018 Sandton-based side-channel blower supplier CR Elec plans to expand on its offerings, which will complement its existing Sirocco brand. A side-channel blower can generate significantly higher pressures than industrial fans, and is also known as a vacuum pump or vacuum compressor. The side-channel... 

UJ researchers develop new model to improve causality links

By: Schalk Burger     13th July 2018 University of Johannesburg (UJ) researchers professor Tshilidzi Marwala and Dr Pramod Kumar Parida have developed a multivariate additive noise model (MANM), which they say serves as a robust model for general causality that identifies multiple causal connections without time-sequence data. The... 

Record gold production at Jaguar’s Pilar mine during Q2

By: Marleny Arnoldi     12th July 2018 TSX-listed Jaguar Mining produced 18 819 oz of gold during the quarter ended June 30, including record output from the Pilar gold mine, in Brazil.  

Anaconda Mining withdraws Maritime Resources buyout offer

By: Marleny Arnoldi     12th July 2018 TSX-listed emerging miner Anaconda Mining on Thursday announced the withdrawal of its previously announced buyout bid to acquire all shares of Maritime Resources. “With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to... 

Resolute beats production guidance, sets bar higher for FY19

By: Esmarie Swanepoel     12th July 2018 Gold miner Resolute Mining is targeting 300 000 oz of production in the 2019 financial year, after 2018’s output exceeded expectations. The miner told shareholders on Thursday that gold production in the 2018 financial year reached 284 127 oz, which exceeded the guidance of 280 000 oz, with the... 

Actionable insights can positively influence organizational performance

By: Creamer Media Reporter      11th July 2018 Prior to the Internet of Things (IoT), Big Data, Artificial Intelligence, and predictive analytics, critical business decisions were made based on the analysis of historical data. Today, organizations that have a strong, future-fit ERP system in place, and that have implemented automation, have... 

Africa’s biggest business show celebrates ten years

11th July 2018 Register now and get your free ticket There is an unmissable opportunity in August for anyone looking to kick-start their own business or wanting growth and success from existing entities. This one-day showcase takes place on 2 August 2018 at the Gallagher Convention Centre, Johannesburg and is... 

Gold Brands to sell Black Steer franchise business

By: Creamer Media Reporter      11th July 2018 JSE-listed Gold Brands will sell its Black Steer franchise business to Laudian Franchise Management One for R3.2-million. The sale is aimed at increasing Gold Brands’ cash flow and reducing its debt. 

Anaconda withdraws higher offer for Maritime

By: Mariaan Webb     10th July 2018 Atlantic Canada-focused emerging miner Anaconda Mining on Tuesday rescinded its previously announced proposal to increase its offer price for explorer Maritime Resources, after the TSX-V-listed takeover target pushed through with a private placement financing. Anaconda last week announced that... 

Pace change at Collerina Cobalt's NSW project

By: Esmarie Swanepoel     10th July 2018 ASX-listed Collerina Cobalt has placed plans for a nickel/cobalt project at its Collerina deposit, in New South Wales, on hold in lieu of a high purity alumina (HPA) project. The company this week told shareholders that prefeasibility study (PFS) testwork at the Collerina project has identified a... 

White Rock and Sandfire strike Alaska base metals deal

By: Esmarie Swanepoel     10th July 2018 Copper miner Sandfire Resources has struck a deal with fellow listed White Rock Minerals to form a strategic relationship in relation to White Rocks’ Red Mountain zinc project, in Alaska. Sandfire will subscribe for A$2.5-million shares in White Rock, and will be issued more than 208.3-million... 

Private equity useful in current economy

6th July 2018 Using private equity to gain capital, especially for small to medium-sized enterprises (SMEs) that might not meet the criteria to qualify for bank loans, seems like a preferential means of raising capital in South Africa’s current tough economic climate, according to private equity company RMB... 

Niche focussed business supplying a comprehensive range of fluid control systems

6th July 2018 Macsteel Fluid Control is a key niche-focused business which operates throughout various industry sectors. It supplies a comprehensive range of valves, actuators, liquid level gauges, filter systems, valve interlock systems and a comprehensive range of steam products, including traps, strainers... 

Mining starts at Macy

By: Esmarie Swanepoel     6th July 2018 Base metals developer Symbol Mining has started mining at its Macy high-grade zinc project, in Nigeria, after receiving final approval for its mining lease. The company on Friday said that the mining lease and environmental protection and rehabilitation plan approvals concluded several months of... 

Installation of water metering system complete

By: Donald Makhafola     6th July 2018 Utility management company Bosch Munitech in March completed the design and installation of a metering and monitoring system to manage water consumption for the Lower Berg River Irrigation Board, in the Western Cape. The company was appointed last year in November to install the Krohne Waterflux... 

Repairing of ageing water infrastructure can increase supply

By: Donald Makhafola     6th July 2018 Amid ageing water infrastructure in most developed areas in South Africa, engineering advisory firm WSP technical director water, transport and infrastructure Africa Arnaud Malan says there is a need to adopt more sustainable approaches to managing available water through smarter water governance... 

Tank blanketing provides security for flammable liquid storage

6th July 2018 Tank blanketing is deemed one of the most effective ways of preventing fires in flammable liquid storage tanks by means of controlling the formation of explosive vapour or air mixtures above the liquid surface, according to industrial equipment supplier Energas Technologies. Energas Technologies... 

People say . . .

By: Terry Mackenzie-hoy     6th July 2018 In the Santam television advert, the ever-so-twee sweet likkel girl says that the first person to live to 200 has already been born. Well, she would know, wouldn't she? These sort of statements are whipped out by the media in order to shock and amaze – almost so that we can say how clever we... 

AngloGold starts development of Vogue orebody to increase Sunrise Dam production

By: Simone Liedtke     5th July 2018 Development of the large, high-grade Vogue orebody at gold miner AngloGold Ashanti’s Sunrise Dam gold mine, in Western Australia, is now under way, with production expected to increase by 25% this year to about 300 000 oz. This development follows the commissioning of the miner’s Recovery Enhance... 

Iron-ore slides to seven-month low as trade war fears mount

By: Bloomberg     5th July 2018 Iron-ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the US and China. Benchmark spot ore eased to $62.50/t on Thursday, the lowest since November,... 

JDA starts construction on Watt street interchange

By: Marleny Arnoldi     5th July 2018 As part of the City of Joburg’s Rea Vaya bus rapid transit (BRT) project along the Louis Botha Development Corridor, the Johannesburg Development Agency (JDA) is starting construction on the Watt street interchange, in Wynberg. 
To minimise the impact caused to the public, road users and... 

Raubex Infra Paves The Rocky Road To Soft Living

5th July 2018 Work is well underway to open a second phase – Bergendal – at Bloemfontein’s sought-after Woodland Hills Wildlife Estate residential development. Raubex Infra’s civils division is currently putting vital infrastructure such as storm water pipes, water reticulation, sewers and streets in place.... 

Policy Uncertainty Index deteriorates to 51 in Q2

By: Simone Liedtke     4th July 2018 As a result of various economic and political factors over the past three months, which generated a renewed degree of policy uncertainty, the North-West University (NWU) Business School’s Policy Uncertainty Index (PUI) rose to 51 index points in the second quarter, compared with 49.6 in the first... 

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