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Goldplat swings to FY profit, pursues potential South American opportunities

By: Creamer Media Reporter      26th September 2016 With its recovery operations now “back on track and profitable”, Aim-listed Goldplat is shifting its attention to returning its Kilimapesa mine, in Kenya, to profitability during the 2017 financial year, while also looking to new opportunities in South America. The company’s operations produced... 

European Lithium plans ‘aggressive development’ of lithium project – Sage

By: Mariaan Webb     26th September 2016 Australia-based European Lithium has appointed a consultant for metallurgical test work at its Wolfsberg project, aimed at accelerating the development of the lithium project in Austria. The Tony Sage-chaired company, which was formerly known as Paynes Find Gold and last week relisted as... 

Wacker Neuson Group confident for 2016 – despite a difficult start to the year

     16th September 2016 During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the Group managed to maintain revenue at almost the same level as... 

US mining industry in flux as policy, economic and enviro challenges force change

By: Henry Lazenby     16th September 2016 The outcome of the November 2016 US Presidential election will not reverse the decline in the US mining industry’s value, as the beleaguered coal industry continues to face market headwinds. Rather, the results will determine the trajectory of environmental regulations and, therefore, raise or... 

Certification enables company to work on rail projects

By: Victor Moolman     9th September 2016 Metal fabricator Fabrinox received the EN 15085 certification last month. This enables the company to work on rail infrastructure projects in South Africa, the rest of Africa and European Union (EU) countries. 

Gordon confirms Acacia is ‘noncore’ to Barrick portfolio

By: Esmarie Swanepoel     8th September 2016 Africa-focused gold miner Acacia Mining expects to have a new major shareholder in the future, as CEO Brad Gordon confirms that Barrick Gold considers its 64% stake in the London-listed company as noncore. Speaking to journalists at the Africa Downunder conference in Perth, Gordon was unable to... 

Master Drilling secures healthy pipeline of projects, despite challenges 

By: Ilan Solomons     6th September 2016 JSE-listed drilling services provider Master Drilling has overcome a challenging economic climate to secure a $208.9-million order book, while its headline earnings a share increased 30.1% year-on-year to 97.6c in the six months ended June 30. At a presentation of the company’s interim results,... 

Toyota Dakar 2017 team expands; new-look SA-made Hilux ready to race

By: Irma Venter     5th September 2016 Toyota South Africa Motors (TSAM) and Toyota Gazoo Racing South Africa (SA) have announced significant changes to their strategy for Dakar 2017 and beyond.This includes the deployment of a new race vehicle, known as the Toyota Hilux Evo, as well as the expansion of the Toyota Gazoo Racing SA... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions

By: Henry Lazenby     26th August 2016 The Vancouver- and Santiago-based teams of junior explorer Wealth Minerals have since February put together the largest brine property package in Chile of any junior mining company, in the hopes of capitalising on the rising tide of the energy metal. On Wealth’s team is Marcelo Awad, a former... 

Eskom exec first African to be elected president of Cigre

     26th August 2016 Eskom master specialist in the technology group Dr Rob Stephen has been elected president of the International Council on Large Electric Systems (Cigre). He is the first African to hold the position of Cigre president, placing him in a favourable position to expand the benefit of the organisation... 

Bolivia says deputy interior minister killed after kidnap by miners

By: Reuters     26th August 2016 Bolivian Deputy Interior Minister Rodolfo Illanes was beaten to death after he was kidnapped by striking mineworkers on Thursday, the government said. Up to 100 people have been arrested as authorities vowed to punish those responsible. "At this present time, all the indications are that our... 

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

AngloGold’s free cash trebles, slashes net debt  

By: Martin Creamer     15th August 2016 Gold mining company AngloGold Ashanti announced on Monday that it had more than trebled free cash flow generation in the first half of the year to $108-million and lowered net debt by almost a third, as costs fell and it took advantage of a higher gold price. In its presentation of results for... 

Platypus Minerals appoints new CEO

By: Megan van Wyngaardt     12th August 2016 Australian mineral exploration company Platypus Minerals has appointed Joe Walsh as its new CEO, effective November 7. Based in Brisbane, Walsh, who has over 25 years in industry experience, will lead Platypus in its strategy to become a lithium producer by exploring for lithium minerals and by... 

Wacker Neuson cautious for H2 despite of a strong second quarter

     11th August 2016 In the second quarter of 2016, leading international light and compact equipment manufacturer the Wacker Neuson Group almost equaled its record revenue from the prior-year quarter. In light of increased market uncertainties and volatility for H2, the Group revised its forecast for 2016. Revenue... 

Glencore guiding higher ferrochrome, nickel output

By: Martin Creamer     11th August 2016 Diversified mining and marketing company Glencore on Thursday guided higher 2016 ferrochrome and nickel production – the only two commodities it expects to produce at levels higher than in 2015. Reporting lower half-year production of copper, zinc, lead, coal and oil than in the first six months... 

Atrum to get its foot in the door with anthracite deal

By: Megan van Wyngaardt     11th August 2016 ASX-listed Atrum Coal has secured the supply of up to 100 000 t of anthracite though an option agreement with Atlantic Carbon Group (ACG) to its target customers in Europe, South America and Asia. The two parties will share profits generated by the sale of anthracite on a 50:50 basis, with the... 

Soaring lithium prices can sustain gains, Pilbara CEO forecasts

By: Bloomberg     2nd August 2016 Pilbara Minerals, seeking to develop one of the world’s largest lithium projects, believes prices can sustain recent rapid gains on soaring demand in China for renewable energy, especially electric vehicles. “Big buyers of big volumes are right now paying more than $20 000 a metric ton for... 

Wealth Minerals looks to acquire additional exploration concessions in Chile salt region

By: Samantha Herbst     1st August 2016 Multi-listed mineral resources company Wealth Minerals has entered into an option agreement to acquire a 100% royalty-free interest in the Quisco 1 to 9 exploration concessions, located in the Quisquiro Salar salt region in Antofagasta, northern Chile. The company also announced on Friday that it... 

Barrick taps Credit Suisse for sale said worth $1bn

By: Bloomberg     29th July 2016 Barrick Gold Corp, the world’s largest gold miner, may fetch as much as $1-billion for its 50% stake in the Kalgoorlie Super Pit mine in Australia, according to people familiar with the matter. Barrick, which announced plans to sell the stake in its second-quarter earnings release, has hired... 

Advantage, Nevada Sunrise to drill for lithium

By: Megan van Wyngaardt     26th July 2016 TSX-listed lithium project developer Advantage Lithium on Monday reported that its exploration partner Nevada Sunrise Gold Corp had received drill permits for three lithium brine projects in Nevada. The Jackson Wash, Clayton NE and Gemini Lithium projects are three of five projects included in... 

AngloGold swings to H1 profit amid higher gold price, weaker currencies

By: Creamer Media Reporter      22nd July 2016 A higher gold price and weaker currencies have contributed to AngloGold Ashanti swinging back into profit for the six months ended June 30. The gold miner, led by CEO Srinivasan Venkatakrishnan, expects to report headline earnings of between $87-million and $99-million and headline earnings a... 

Manufacturers to exploit emerging automotive markets

By: Nadine James     22nd July 2016 Original-equipment manufacturers (OEMs) are aiming to expand their client bases and establish automotive manufacturing facilities in emerging market economies, owing to the current saturation in European and US automotive markets, says auditing and consulting firm KPMG. KPMG industrial and... 

MTN Nigeria wins 2.6 GHz auction, commits to continued investments in Nigeria’s broadband infrastructure

     20th July 2016 The Nigerian Communications Commission has declared MTN as winner of its latest auction for a ten-year frequency spectrum licence for the 2.6GHz band, which guarantees superior performance for wireless networks, especially 4G LTE services. The NCC had earlier confirmed that ‎MTN's bid was in full... 

Weld Backing Tape™ for Weld Purging

     19th July 2016 It is important when welding metals such as stainless steel, titanium and zirconium that the welding zone is purged of oxygen even as low as 10 parts per million (ppm) before, during and immediately after welding, in order to achieve a clean, oxide free, zero colour weld. During a recent trip to... 

Great Panther full-year guidance remains unchanged

By: Megan van Wyngaardt     15th July 2016 TSX-listed silver mining and exploration company Great Panther Silver expects its rate of production to remain the same for the rest of the year, following comparatively flat consolidated metal production in preceding quarters. The South America-focused miner currently mines precious metals from... 

Troy to adjust Karouni’s 2016 production guidance

By: Mariaan Webb     13th July 2016 ASX-listed Troy Resources reported on Wednesday that it would adjust its 2016 production guidance at the Karouni mine, in Guyana, after disruptions to the mill and ongoing processing difficulties hindered its June quarter performance. Troy said progress to advance the Smarts pit into fresh rock... 

Sustainability of African airports in the balance as air transport requirements increase

By: Dylan Slater     8th July 2016 The sustainability of air transportation in Africa is in the spotlight, with development in key areas requiring attention, according to the Airports Company South Africa (Acsa).  

‘Generating’ powerful safety: Vital Engineering completes largest grating and handrail supply contract in Africa on Medupi and Kusile power stations

     1st July 2016 Vital Engineering, a company dedicated to ensuring optimum human resource safety on site, has been closely involved in Eskom’s power generation projects, Medupi and Kusile. An established manufacturer of safety handrails, floor gratings and expanded metals, the company has supplied bespoke... 

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 Advances in energy-storage technology and rising demand for batteries from the global electric vehicle (EV) market are driving the need for technology minerals – such as lithium and graphite – which are increasingly used in lithium-ion batteries. The sectors mining these industries are “young and... 

Bell spreads its dealer footprint across South America

     28th June 2016 The appointment of three new dealers in South America in recent months has positioned South African heavy equipment manufacturer and Articulated Dump Truck specialist, Bell Equipment, to expand its footprint and market share on the continent. Raico SA and Seijiro Yazawa Iwai, two Liebherr... 

Aura sees multimillion-ounce gold potential in Mauritania

By: Mariaan Webb     27th June 2016 Australian junior Aura Energy on Monday announced that it had secured rights to acquire two exploration permits in Mauritania, which were along strike from Canadian firm Kinross’ major Tasiast gold mine. Aura chairperson Peter Reeve said that the company’s technical team, which was well... 

DPI Plastics racks up orders in large-bore water infrastructure projects

     24th June 2016 DPI Plastics has already racked up two major orders for its new 630 mm Class 16 mPVC pipe, which it is now capable of manufacturing at its Roodekop factory. Technical and product manager Renier Snyman explains that this represents the latest addition to the 630 mm diameter range from DPI... 

$5m equipment for Zim small-scale gold miners

By: Oscar Nkala     24th June 2016 Chinese-made mining equipment worth $5-million is to be delivered to small-scale gold miners in Zimbabwe by the end of August as the first consignment of a much bigger deal that has been in abeyance since 2012, owing to failure by the Southern African country to guarantee a loan from the China... 

Company’s new design opens more doors for pipe manufacturers

By: Sascha Solomons     24th June 2016 Amid government spend on big water projects and the ongoing, urgent need for water infrastructure development, pipes manufacturer DPI Plastics’ latest addition to its existing 630-mm-diameter range, the new 630 Class 16 modified polyvinyl chloride (mPVC) pipe, has enabled the company to make... 

Analyst urges caution as lithium excites and pitfalls multiply 

By: Simon Rees     23rd June 2016 Lithium’s prospects are bright as demand from the battery sector is surging and observers believe it will only get better as more electric vehicles (EV) are produced and new energy storage solutions arise, such as Tesla’s Powerwall technology. Indeed, prices had marched higher, while... 

ABB inaugurates microgrid in South Africa, boosting renewables and power reliability

     23rd June 2016 Zurich, Switzerland, June 8, 2016 – Innovative solar-diesel solution provides continuity of power supply for ABB’s premises in Johannesburg and helps reduce carbon emissions ABB today commissioned an integrated solar-diesel microgrid installation at its 96,000 square meter Longmeadow facility in... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

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