R/€ = 14.50 Change: -0.05
R/$ = 13.50 Change: 0.06
Au 1215.50 $/oz Change: 11.88
Pt 978.50 $/oz Change: 4.00


Platinum price upturn needed to sustain industry – Lonmin 

By: Martin Creamer     20th January 2017 An upturn in the platinum price is needed for the sustainability of the platinum industry as a whole, Lonmin CEO Ben Magara said on Friday. The head of the large London- and Johannesburg-listed platinum mining company said that although there had been a slight price recovery since November and... 

Golden Saint encouraged by Baja, Tongo ‘inventory’ check

By: Natasha Odendaal     20th January 2017 Aim-listed Golden Saint Resources is now considering the work that is necessary to establish an inferred resource within its Baja and Tongo exploration licence areas, in Sierra Leone, following an encouraging inventory report back from its consultants. Alluvial specialist Rock Forage undertook a... 

Sovereign Mines completes Mandiana farm-out

By: Anine Kilian     20th January 2017 Aim-listed Sovereign Mines of Africa (SMA) has completed the farm-out of its 75% interest in the Mandiana gold project, in Guinea, to TSX-V-listed Volcanic Gold Mines. In turn, it received 2.5-million common shares in Volcanic, representing 9.9% of Volcanic’s shares. 

Harmony sponsors 32 students in new academic year

By: Megan van Wyngaardt     20th January 2017 Gold mining company Harmony Gold has awarded 32 bursaries to university and technikon students for the current academic year. The bursaries cover various areas of study including noncore and core disciplines. Sixty-one per cent of those who received bursaries fall into the core category, which... 

BMR can recover vanadium from tailings with no modifications to plant

By: Megan van Wyngaardt     20th January 2017 Metallurgical testwork currently being carried out at BMR Group’s Kabwe project, in Zambia, is providing encouraging results with regard to the metal’s potential recovery and production from its tailings. This, the company said on Friday, further bolstered BMR’s asset base. 

Imperial Logistics establishes new business in Ghana

By: Anine Kilian     20th January 2017 Supply chain and logistics company Imperial Logistics has partnered with Ghanaian conglomerate LMI Holdings to form a new business Imperial LMI Logistics to provide logistics services in Ghana and the rest of West Africa.   “The vision of Imperial LMI is to be an integrated, end-to-end supply... 

Shift to coal under way in Botswana, but diamonds still dominate

By: Natasha Odendaal     20th January 2017 Botswana’s ambitions to develop its coal mining sector and reduce its dependency on diamonds will face an uphill battle in the face of subdued coal prices and the overshadowing value of the diamond sector. The government-driven shift to coal production ramp-up in the next few years was expected... 

Owners of other Ford models join complaints over burning vehicles

By: News24Wire      20th January 2017 Owners of other models of the Ford Kuga  say their vehicles have also caught fire, challenging the vehicle manufacturer's claims that only one version of the car has a fault that could result in it bursting into flames. The National Consumer Commission (NCC) on Thursday confirmed it had received... 

NUM expresses disappointment over looming job cuts at AngloGold Ashanti

By: Megan van Wyngaardt     20th January 2017 The National Union of Mineworkers (NUM) on Friday confirmed that it had received a Section 189 notice from gold producer AngloGold Ashanti that it was retrenching 849 workers at its operations in South Africa. In a statement released to Mining Weekly Online on Thursday, AngloGold Ashanti... 

South Africa’s mining sector at a crossroads, collaborative effort required

By: Ilan Solomons     20th January 2017 The global mining industry has been struggling since the 2008 international financial crisis set off a chain of events resulting in contracted growth in important markets, such as China, and recession in others, such as Europe, leading to severe declines in commodity prices. In South Africa, the... 

Education – another Christmas pass or past?

By: Riaan de Lange     20th January 2017 The Chinese have a saying that goes: Expect this year to be worse than last year, but better than next year. No, it is not, as you might have assumed, attributable to the infamous Chinese teacher, politician and philosopher, Confucius, to whom such profound insights are usually attributable and... 

Awards boost drivercentric approach to managing truck drivers

By: Schalk Burger     20th January 2017 Commercial vehicle insurance firm Regent’s Highway Heroes campaign recognises the skill required to safely and efficiently handle a freight vehicle on South Africa’s and Southern Africa’s testing roads, and has demonstrated the benefits of driver-centric initiatives to improve awareness and safe... 

Cost, rather than value, still driving SA’s transport investments

By: Irma Venter     20th January 2017 South Africa’s transport procurement system is often driven by cost, rather than value, says Intelligent Transport Society of South Africa (ITSSA) CEO Dr Paul Vorster. “We tend to look for the lowest-cost supplier of services and equipment and not always the best value. The problem with this is... 

Market needs education on plastic pipe advantages

     20th January 2017 The South African market is not well educated to look for, and know, the difference between high-quality plastic pipes and low-quality plastic pipes, says plastic producer DPI Plastics technical and product manager Renier Snyman. 

New Joburg council chamber design draws on lekgotla theme

By: David Oliveira     20th January 2017 The new R340-million Johannesburg Council Chamber building, with several unique features, was showcased to the media last month by the Joburg Property Company (JPC). JPC property development senior manager Alan Dinnie explained during the tour that the new building, expected to reach completion... 

Roytec Global

By: Creamer Media Reporter      20th January 2017 South Africa-based liquid/solid and mineral separation equipment supplier Roytec Global is a leader in the supply of thickening, filtration and mineral floatation technologies for the mining industry. Roytec is passionate about service excellence and prides itself on living up to its promises.  

S African manufacturer of steel tube and pipes commissions new mill

By: Victor Moolman     20th January 2017 The new capital expenditure (capex) project to replace two older mills with one new mill at steel tube and pipe manufacturer Robor’s plant, in Elandsfontein, in Johannesburg, will be concluded in early 2017 with the installation of a fully automated mill capable of producing 60 000 t/y of pipe at... 

Tesla expects SA offering to become increasingly attractive as tariffs rise

By: Irma Venter     20th January 2017 Tesla has finally arrived in South Africa, even if in a somewhat unexpected guise. With the availability of the US company’s electric cars apparently still some way off, South Africans do, however, now have access to its energy storage solutions. The stationary, rechargeable lithium-ion battery... 

Tooling capabilities open up new prospects for SA auto-parts firm

By: David Oliveira     20th January 2017 Cable management solutions provider HellermannTyton South Africa’s 2014 acquisition of PVS Engineering has significantly improved the company’s tooling manufacturing capabilities and placed the company in a strong position within the group internationally. HellermannTyton South Africa network... 

Global pulse day celebrations highlight importance of pulses

     19th January 2017 The second global pulse day on 18 January 2017 saw celebrations around the world in recognition of the importance of pulses.   “The potential global impact of pulses is significant,” says AGT Foods Africa marketing manager, Dean Miller. “Pulses have been cited for reducing malnutrition, obesity... 

Hummingbird on track for Yanfolila’s first gold pour by year-end

By: Megan van Wyngaardt     19th January 2017 Aim-listed Hummingbird Resources has awarded the structural, mechanical, plate work and piping (SMPP) contract for its Yanfolila gold project, in Mali, where mine construction is currently under way, to construction company Imagri-SARL. The company on Thursday noted that plant construction was on... 

Shanta Gold achieves record production, costs at New Luika

By: Megan van Wyngaardt     19th January 2017 East Africa-focused gold producer Shanta Gold on Thursday reported that it had beaten full year guidance on both cost and volume at its New Luika gold mine (NLGM), in southwest Tanzania. This follows record gold production of 87 713 oz for the year ended December 31, at an all-in sustaining cost... 

The Pretoria-based Falcon 402 aircraft programme 

     19th January 2017 Falcon Air, based at Wonderboom Airport in Pretoria, has developed and is producing the Falcon 402 single-engined passenger and utility aircraft. Keith Campbell reports. 

Acacia celebrates another productive year at its Tanzania operations

By: Megan van Wyngaardt     19th January 2017 Marking its fourth consecutive year of production growth, Aim-listed gold miner Acacia reported strong fourth-quarter production of 212 954 oz for the three months ended December 31. Production for the quarter was 6% higher than that of the fourth quarter of 2015 and 4% higher than third-quarter... 

De Beers pilots fixed-price contracts for auction sales 

By: Megan van Wyngaardt     19th January 2017 Diamond company De Beers will start piloting fixed-price forward contracts in its auction sales, providing customers the opportunity to guarantee access to future supply with certainty over the price to be paid when the contract reaches maturity. The first event to feature the fixed-price forward... 

Portia Derby joins Aurecon, advances company’s transformation efforts

By: Ilan Solomons     19th January 2017 Employee-owned consulting engineering company Aurecon is moving its transformation process up a gear with the appointment of Portia Derby to the position of Gauteng senior regional director. She is the first black woman appointed to a senior management position involved in the operations of the... 

Sibanye’s Stillwater platinum deal edges forward

By: Martin Creamer     19th January 2017 Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that... 

Anglo shortlists bidders for some South African coal mines

By: Bloomberg     19th January 2017 Anglo American has shortlisted groups led by some of South Africa’s most prominent black businessmen as bidders for several of its South African coal mines as it focuses on diamonds, platinum and copper, two people familiar with the discussions said. Groups selected by Anglo include companies led... 

Addressing the laws of innovation

     18th January 2017 Genesys Interactive Intelligence forum reveals that only innovations that diminish a limitation and change market rules will become disruptive In an era of innovation, everyone has an opportunity to disrupt the market, but few will succeed, according to Henning du Preez, disruptive innovation... 

Rockfall claims one life at Implats’ 20 shaft

By: Natasha Odendaal     18th January 2017 A rockfall at Impala Platinum’s (Implats’) 20 shaft, in Rustenburg, on Wednesday claimed the life of one mineworker and injured another. Implats spokesperson Johan Theron confirmed the incident to Mining Weekly Online, noting that the shaft has been shut down pending investigation. 

BlueRock set for February processing restart at Kareevlei

By: Natasha Odendaal     18th January 2017 Aim-listed BlueRock Diamonds expects to restart the processing of run-of-mine (RoM) material at its Kareevlei operations, in the Northern Cape, early in February, following a thorough overhaul of the main components of the processing plant. The upgrades, which will increase the capacity and... 

Ariana to explore Turkey’s ‘hot gold’ corridor

By: Anine Kilian     18th January 2017 Gold exploration and development company Ariana Resources is planning to conduct exploration along what it calls the “hot gold” corridor, in Turkey, throughout this year. Several well defined target areas at Ardala South East and South West, Hizarliyayla and Incesu South, besides others, will... 

Davos boosts platinum fuel cell outlook with hydrogen council launch

By: Martin Creamer     18th January 2017 Hydrogen-powered fuel cell electric vehicles (FCEVs) offer the most natural solution for emission-free vehicles, discharging only water and requiring negligible change to current driving and refuelling habits, which is why 13 leading energy, transport and industry companies this week chose Davos... 

Afarak to acquire remaining 10% of Afarak Mogale

By: Anine Kilian     18th January 2017 Speciality alloys producer Afarak Group’s Afarak Mogale subsidiary will buy the 10% stake in the subsidiary held by the Mogale Alloys Trust for R64.9-million. Afarak Group in 2009 bought a 90% stake in Afarak Mogale, with the balance held by the trust. The trust has, on several occasions,... 

Mining Indaba secures empowerment fund sponsor for junior miners

By: Creamer Media Reporter      18th January 2017 A new empowerment fund, JSS Empowerment Mining Fund, has signed on as sponsor of the new Junior Miners Pavilion and the Investment Battlefield Competition at the 2017 Investing in African Mining Indaba. The newly-launched empowerment mining fund, a partnership between boutique corporate finance... 

Edenville completes Phase 2 of Esia for Rukwa coal project

By: Anine Kilian     18th January 2017 The second phase of the environmental- and social-impact assessment (Esia) for Aim-listed Edenville Energy’s integrated Rukwa coal-to-power project in western Tanzania is complete. The relevant documents for its Rukwa project have been approved by the Tanzanian National Environment Management... 

Keaton’s Vanggatfontein continues consistent performance in Q3

By: Natasha Odendaal     18th January 2017 JSE-listed Keaton Energy achieved record cash generation from its Vanggatfontein operation, in Mpumalanga, during the third quarter of the year. Thermal coal sales to State-owned power utility Eskom remained consistent during the period to December 31, at 531 386 t, albeit down from 544 237 t in... 

From farm to fork – Africa’s top F&B show gets a makeover

     18th January 2017 Africa’s Big 7, the continent’s leading event for the food & beverage industry runs from June 25 to 27 in South Africa attracting senior buyers from across the sector Africa’s premier food and beverage show has been rebranded and has relaunched this year to meet the needs of a changing market. 

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