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Firefinch details 'forward plan' for underperforming Morila 

By: Mariaan Webb     4th July 2022 Australia-based Firefinch on Monday outlined a ‘forward plan’ for the Morila gold mine, in Mali, after the company withdrew its full-year guidance, owing to a slower-than-planned ramp up that resulted in the full-year guidance being withdrawn. Morila, which the miner bought from Barrick and... 

AECI Mining’s incoming CEO aims to cut carbon footprint, grow outside Africa in the medium term

By: Irma Venter     1st July 2022 Newly appointed AECI Mining CEO Mark Kathan (51) says his main focus over the medium term will be the greening of the company’s manufacturing and logistical footprint, while also growing the firm’s presence in the rest of the world. Kathan, the former AECI CFO, put up his hand for the top job at... 

Illegal mining brazenness a significant concern to legitimate industry 

By: Donna Slater     29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... 

OZ Minerals lowers its yearly copper production guidance

By: Darren Parker     27th June 2022 ASX-listed OZ Minerals has lowered its total yearly copper production guidance for 2022 to reflect a softer start to the year. The guidance was lowered from between 127 000 t and 149 000 t to between 120 000 t and 135 000 t. The company attributed this to Covid-19-related absenteeism and adverse... 

Omnia declares R1.4bn dividend, boasts 123% growth in operating profit

By: Marleny Arnoldi     20th June 2022 JSE-listed chemicals manufacturing group Omnia Holdings experienced favourable market conditions in the agriculture and mining sectors in the financial year ended March 31, including high commodity prices, which helped boost its operating profit by 123% year-on-year to R1.7-billion. The board... 

Glencore interim trading profit seen beating full-year guidance at $3.2bn 

By: Marleny Arnoldi     17th June 2022 Diversified miner and commodities trader Glencore said on Friday that its marketing division’s interim earnings before interest and taxes (EBIT) would exceed $3.2-billion, which is the top end of its full-year guidance. The company’s full-year adjusted EBIT guidance range was between... 

African diamond sector set for strong growth

17th June 2022 With China being Africa’s, and South Africa’s, most important trading partner, the Asian superpower’s expected economic slowdown in coming years is a cause for concern, unless these economies can find alternative drivers of growth from other emerging markets, says Standard Bank mining head Mark... 

Quarries upgrading to next-gen detonation tech

By: Tracy Hancock     10th June 2022 Mining explosives and blasting technology supplier BME is steadily upgrading local quarries that have been using its AXXIS GII electronic detonation system for years to its latest-generation electronic detonation technology, AXXIS Silver. “The conversion of one to the other is straightforward, as... 

Planned implosion of two silos at Kusasalethu in Carletonville

9th June 2022 Numerous mines in South Africa are either reaching the end of their productive lifespans, or have redundant infrastructure on-site that either needs to be refurbished or demolished. Here is where Phoenecian Group offers an essential service to the mining industry. The company specialises in... 

Orica

3rd June 2022 Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets, a leading supplier of sodium cyanide for gold extraction, and a specialist provider of ground support services in mining and tunnelling.... 

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