Idéle Esterhuizen

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Idéle Esterhuizen

Unprotected strike halts operations at Cons Murch

12th July 2013 JSE-listed Village Main Reef on Friday said an unprotected strike at its Consolidated Murchison (Cons Murch) mine, in Limpopo, had resulted in a stoppage of all gold and antimony production. Company spokesperson Cheryl Walton told Mining Weekly Online that 134 members of the National Union of... →

Iliad Africa to sell loss-making ceramic business for R50m

12th July 2013 JSE-listed Iliad has agreed to sell its ceramics business Ferreiras as a going concern to Portion 140 Springs Properties for R49.64-million. “The strategy developed after reviewing Iliad’s business in the midst of the macro financial crisis has been steadily unfolding, underscoring the company’s... →

Gold producers, unions to sign ‘house rules’ for wage talks

12th July 2013 All parties involved in this year’s gold wage negotiations have committed to sign a historic ‘house rules’ document or protocol on Monday, which will govern the manner in which negotiations are to be conducted. Centralised wage negotiations between gold producers represented by the Chamber of... →

Royal HaskoningDHV, VEI to build €2.2m Maputo water distribution system

12th July 2013 Consulting and engineering services provider Royal HaskoningDHV and Dutch water utility Vitens Evides International (VEI) will develop a €2.2-million water distribution system for the northern parts of Mozambique’s capital, Maputo. The water distribution system would supply safe drinking water to... →

PMI improves, but manufacturing conditions remain tough

12th July 2013 The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 51.6 in June, marking its third consecutive month above the key 50-point mark, with all the major sub-indices showing modest improvement, except for the employment sub-index, which continued to decline. The... →

Commission recommends conditional approval of Rio Tinto deal

12th July 2013 The Competition Commission has recommended conditional approval of the proposed acquistion of the entire shareholding of Rio Tinto South Africa by the Industrial Development Corporation (IDC) and a Chinese consortium. →

SA gold wage negotiations kick off

11th July 2013 Centralised wage negotiations between gold producers represented by the Chamber of Mines (CoM) and trade unions, the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and Uasa, started on Thursday. This followed a prenegotiation workshop... →

Mongolia awards coal licence to Modun Resources

11th July 2013 The Mineral Resources Authority of Mongolia (MRAM) has approved Australia-listed coal explorer Modun Resources’ application for a mining licence for the Nuurst thermal coal project, 120 km south of Ulaanbaatar. The mining licence had been granted over an area of 2 497 ha, covering the planned... →

SA trade conditions remain positive, despite international tightening – Sacci

11th July 2013 Trade conditions in South Africa remained positive, despite the tightening of international and retail trade, the South African Chamber of Commerce and Industry (Sacci) said on Thursday. The industry body’s Trade Conditions Survey for June showed that the seasonally adjusted trade activity index... →

Cokal identifies coking coal at Indonesian project

11th July 2013 Metallurgical coal producer Cokal on Thursday said it had identified over 35 coal seam outcrops after a month of geological-surface mapping in the company’s newly acquired Tambung Benua Alam Raya project (TBAR), in Indonesia. Cokal owns 75% interest in the greenfields TBAR project, which is... →

Bristow calls for cooperation between govts, miners amid tumbling gold price

10th July 2013 The falling gold price in recent months has emphasised the need for governments of mineral-rich countries to cooperate with mining companies in the optimal development of their resources, Randgold Resources CEO Mark Bristow has urged. At the end of June, the gold price plummeted to $1 180, its... →

Hot Chili to raise A$11.7m for Chile project

10th July 2013 Copper developer Hot Chili on Wednesday said it had successfully arranged a placement to raise A$11.7-million for its Productora project, in Chile. The placement at A$0.45 a share had seen strong demand from existing strategic shareholders, particularly project partner CAP and affiliates of... →

Reed reports improved Meekatharra mine-to-mill reconciliation

10th July 2013 Gold junior Reed Resources on Wednesday said early indications were that the change to ore block interpretations at its Meekatharra gold mine, in Western Australia, had improved the mine-to-mill reconciliation. The company performed an external and independent review of Meekatharra’s grade... →

Aspire says Chinese interested in Ovoot coking coal

10th July 2013 Mongolian coal explorer Aspire Mining on Wednesday said it had signed nonbinding memoranda of understanding (MoUs) with four North Asian steel mills and other buyers for the coking coal that its Ovoot mine would produce. The four MoUs total a possible commitment by Chinese customers to purchase... →

IAC, Feltex set up auto components JV in East London

9th July 2013 Luxembourg-headquartered International Automotive Components (IAC) said on Tuesday that it had formed a joint venture (JV) with South African automotive flooring, acoustics and trim components supplier Feltex Automotive, which marked IAC's initial entry into the growing South African automotive... →

IMF revises SA growth downward to 2% for 2013

9th July 2013 The International Monetary Fund (IMF) revised South Africa’s forecast growth for this year down to 2% in its latest World Economic Outlook (WEO), marking a fall of 0.8% from the fund’s April forecast. Projections for the country’s economic growth in 2014 was also revised downward by 0.4% to 2,9%. →

Yanzhou announces plan to privatise its Australian subsidiary

9th July 2013 Hong Kong-listed Yanzhou Coal Mining Company has proposed the privatisation of its 78%-owned subsidiary Yancoal Australia, the shares of which were currently listed on the ASX. The detailed terms of the proposed transaction were subject to further negotiations with Yancoal, which owns mines and... →

WPG Resources starts exploration at Northern Gawler tenements

9th July 2013 ASX-listed iron-ore developer WPG Resources has started exploration on its tenements in the Northern Gawler Craton region, near Coober Pedy, in South Australia. The Gawler Craton hosts several large producing mines and emerging mineral deposits, including Olympic Dam, Prominent Hill, Challenger,... →

TFR CEO says loco delivery schedule remains unchanged

8th July 2013 Transnet Freight Rail (TFR) still expects to take delivery of the first 10 of 95 new dual-electric locomotives in December, CEO Siyabonga Gama said on Monday, dismissing claims that the contract awarded to China South Rail (CSR) to build the new rolling stock was six months behind schedule.... →

Nxesi vows to take steps to rid construction of ‘criminal tendencies’

5th July 2013 The combined fine of R1.4-billion imposed on the group of 15 construction companies admitting to collusive tendering, was viewed in many quarters as merely a “slap on the wrist” and sent out the message that large firms could get away with fraud and corruption, Public Works Minister Thulas Nxesi... →

Pubic Works Minister Thulas Nxesi

Collective effort needed to bridge Africa’s refining gap

5th July 2013 A regional effort was needed to overcome the disconnect between Africa’s gas and oil production and its refining capacity, PricewaterhouseCoopers (PwC) Africa oil and gas advisory leader Chris Bredenhann said on Wednesday. Citing South Africa’s Project Mthombo – a planned 400 000 bl/d crude-oil... →

SA’s engineering science graduates increasing, but still below target

5th July 2013 The number of engineering science graduates in South Africa has increased from 8 424 in 2009, to 9 387 in 2011, below the target of 10 093, Higher Education and Training Minister Dr Blade Nzimande said in response to a parliamentary question from Gauteng delegate to the National Council of... →

DiamondCorp completes modifications to Lace processing plant

5th July 2013 JOHANNESBURG (miningweekly.com) – Southern African diamond development and exploration company DiamondCorp on Monday said it had completed the required modifications to the 1.2-million-ton-a-year processing plant at its Lace mine, in the Free State, to allow for the seamless transition from... →

Commission recommends conditional approval of Rio Tinto deal

4th July 2013 The Competition Commission has recommended conditional approval of the proposed acquistion of the entire shareholding of Rio Tinto South Africa by the Industrial Development Corporation (IDC) and a Chinese consortium. The consortium comprised Hebei Iron and Steel Group and a Mauritius special... →

SA prepares to roll out new smart ID cards

4th July 2013 It would take between six and eight years for all South Africans to get smart identification document (ID) cards, which would replace green ID books, Home Affairs Minister Naledi Pandor said on Thursday, when she introduced the first stages of the implementation of the new cards. “We will have... →

Western Areas beats full-year guidance

4th July 2013 ASX-listed Western Areas on Thursday said that unaudited nickel sales had exceeded the 2013 guidance provided at the end of May by nearly 1 000 t, with stronger-than-expected sales in June resulting in a record year of 27 819 t of nickel in concentrate being sold. The previous record in the 2012... →

Cabinet approves DEA proposal of introducing regulated rhino horn trade

3rd July 2013 Cabinet has approved the development and submission of a proposal by the Department of Environmental Affairs (DEA) to the seventeenth Conference of the Parties (COP) of the Convention on the International Trade of Endangered Species of Wild Fauna and Flora (Cites), to lift the ban on... →

Molewa launches final Second National Water Resources Strategy

3rd July 2013 Water and Environmental Affairs Minister Edna Molewa on Wednesday launched the final version of the Second National Water Resources Strategy (NWRS2), following Cabinet’s approval of the plan last week. The draft NWRS2 was published in the Government Gazette for public comment in September last... →

Venture secures capital items, executes mining contracts for Riley

2nd July 2013 Australian exploration company Venture Minerals on Tuesday said it had secured capital items and executed mining contracts for its Riley direct shipping ore (DSO) project in north-west Tasmania. The company noted that the developments moved it closer to its goal of starting iron-ore production... →

Queensland Bauxite buys into Mozambique coal licences

2nd July 2013 ASX-listed Queensland Bauxite on Tuesday announced that it would buy an interest in two Mozambique coal exploration licences in the Zambezi basin, close to majors such as Vale and Rio Tinto. The junior said it had signed a binding term sheet with Australian unlisted company Regius Coal Mining to... →

Ansteel injects $84m into Karara Mining

2nd July 2013 ASX-listed Gindalbie Metals on Tuesday said that Karara Mining – its 50:50 joint venture (JV) with Ansteel – had received an $84-million cash injection from the Chinese steel group, representing the first instalment of bridging finance to cover Karara’s working capital requirements. Under a... →

PMI improves, but manufacturing conditions remain tough

1st July 2013 The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 51.6 in June, marking its third consecutive month above the key 50-point mark, with all the major sub-indices showing modest improvement, except for the employment sub-index, which continued to decline. The... →

Nuclear important for global power security – Rosatom

1st July 2013 In his closing statement at the International Atomic Energy Agency International (IAEA) Ministerial Conference last week, Russian State atomic energy corporation Rosatom director-general Sergey Kirienko said the conference had reaffirmed that nuclear power remained an important option for many... →

‘Peer pressure’ could help improve nuclear safety

28th June 2013 If countries that used nuclear as a power source regularly used national and international peer reviews of nuclear installations as reference, the safety of power plants around the world would be improved and their ecological impact reduced, head of international projects at research firm the... →

Rosatom awaits SA govt decision on nuclear power

28th June 2013 Russian State-owned nuclear company Rosatom was awaiting the South African government’s decision regarding the nuclear aspect of its Integrated Resource Plan (IRP2010), as well as Russia’s role in this regard, deputy director-general Kirill Komarov said on Thursday. In April, the South African... →

Empowered shipping group places R300m vessel order

28th June 2013 Black-empowered shipping company Marine Bulk Carriers (MBC) and its partners have placed a R300-million order for a new anchor-handling tug and supply vessel, purpose-built for South African conditions. The company stated that the order was in response to the South African government’s call to... →

Itac to make final decision on chicken meat imports in July

28th June 2013 The International Trade Administration Commission of South Africa (Itac) said it would make a final determination regarding the South African Poultry Association’s (Sapa’s) application for increased import duties on chicken meat at its next meeting on July 9. This was the outcome of a meeting in... →

Baobab presents 2Mt/y model for Mozambique pig iron project

28th June 2013 JOHANNESBURG (miningweekly.com) – London-listed junior Baobab Resources could significantly scale up its pig iron and ferro-vanadium project, in the Tete province, with an increased production scenario studying a two-million-tonne-a-year operation. The new model returned pretax net present value... →

Platinum industry could shed 145 500 jobs by 2015

28th June 2013 South Africa’s embattled platinum industry is at risk of losing 145 500 jobs by 2015. Assuming a breakeven platinum price of $1 500/oz for 2014 and 2015, Nomura analyst Peter Attard-Montalto said in a report that about 24 000 jobs would be at risk next year, growing to 121 500 in 2015. He stated... →

PhokaThaba agrees to R3.5m settlement with JIC

28th June 2013 JOHANNESBURG (miningweekly.com) – JSE- and Aim-listed Jubilee Platinum on Wednesday said the liquidation application by Westdawn Investments, trading as JIC Mining Services, against Platinum Australia (PLA) subsidiary PhokaThaba had been set aside, with PhokaThaba agreeing to pay a settlement... →

Assmang completes DFS for Malaysia manganese smelting facility

28th June 2013 JOHANNESBURG (miningweekly.com) – Diversified miner African Rainbow Minerals (ARM) on Wednesday reported that mining group Assmang, which it jointly controlled with Assore, had completed a definitive feasibility study to establish the financial viability of a manganese alloy smelting facility in... →

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