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Operation Phakisa pushes for improved capability in subsurface research
2nd June 2017 Operation Phakisa’s oil and gas group has identified the need to develop localised capability in this sphere and consequently tasked the D2 working group with initiatives aimed at developing South African capability in subsurface research and data gathering, says national exploration regulator... →
Africa’s overreliance on extractive industries hampering sustainable development
2nd June 2017 Economic history has shown that without diversification into manufacturing and services and away from simple resource extraction, the long term development prospects of countries are always bleak. The need for economic diversification in the Africa is high, more so given that the growth cycle is... →
Research firm sees Montepuez ruby field becoming consistent, stable source of rubies
2nd June 2017 Australian and US investment research firm Independent Investment Research (IIR) has completed a valuation for ASX-listed junior miner Mustang Resources resulting in a base case 12-month price target of $89-million, or $0.169 a share. IRR says that 80% of this is based on a risk discounted cash... →
Pembridge sells Botswana copper assets for £150 000
2nd June 2017 Aim-listed natural resource exploration and development company Pembridge Resources – which was known as China Africa Resources up to April 10 – has announced that a share purchase agreement has been signed between the company and copper exploration company Global Exploration Technologies (GET)... →
Junior miners seek to regain investor confidence in efforts to relive glory days
2nd June 2017 Junior mining companies have certainly been through a tough time of late. Some of the pain has been self-inflicted, some has been a long time coming and some of it has been pure bad luck, says Junior Indaba chairperson Bernard Swanepoel. “That is the way cycles go and the world will hopefully... →
Scopa welcomes SIU investigation into Eskom coal deals
30th May 2017 The Standing Committee on Public Accounts (Scopa) has welcomed the decision by Public Enterprises Minister Lynne Brown to refer Eskom’s procurement contracts, including those signed with the Gupta family-linked Tegeta Resources, to the Special Investigating Unit (SIU) for investigation. The SIU... →
Ghana, Mauritania and Sao Tome make ‘meaningful progress’, Malawi publishes first EITI report
26th May 2017 At a recent meeting in Bogotá, Colombia, the Extractive Industries Transparency Initiative (EITI) board agreed to assess the performance of its 51 implementing countries against the EITI standard and found Ghana, Mauritania and Sao Tome and Principe to have made “meaningful progress”. The EITI is... →
Digital fixed gas monitoring system launched
26th May 2017 Australian mining-refuge chamber manufacturer MineArc Systems has released its new Aura-FX digital fixed gas monitoring system, which it says provides a “more convenient” solution to internal refuge chamber gas monitoring. The company believes that it is a “vast improvement” on current digital... →
Silver prices seen improving steadily in coming years amid renewed investor demand
26th May 2017 Silver prices are likely to continue to rise in 2017 and to do so over the next several years. This is according to New York-based research and consulting firm CPM Group’s recently released ‘2017 Silver Yearbook’ report. The report notes that in 2016 the downward cyclical move of silver appeared... →
Council for Geoscience launches near-shore mapping programme
26th May 2017 Mineral resources are important to the economy and capacity building of South Africa and are being extensively exploited on land and there will likely be a shift towards the offshore environment, where exploration is currently focussed on diamonds and titanium sand, says Council for Geoscience... →
Platinum market expected to be ‘broadly balanced’ this year
26th May 2017 The platinum market is expected to be broadly balanced over the year with a deficit of 65 000 oz forecast for this year. Above ground stocks are expected to end the year at 1.89-million ounces, which is a 3% decline on 2016 and in excess of 54% down from 2012 levels. →
KZN coal mine supplying communities’ water needs and more, mulls output expansion
19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still one of the water-scarce areas of the country. Helping neighbouring communities survive this disaster, investment company Menar... →
Molybdenum demand to be subdued until at least 2025?
19th May 2017 In the forecast period between 2016 and 2025 molybdenum demand growth is projected to be slower than the compound annual demand growth recorded from 2009 through 2015. This is according to New York-based research and consulting firm CPM Group’s recently released ‘Molybdenum Long-Term Outlook’... →
AMCU to continue pressuring mining houses to pay ‘living wages’
19th May 2017 Workers Day is a time when South African workers come together in solidarity with workers worldwide to celebrate the gains made, while also calling for more improvements to the livelihoods and working conditions of labourers around the world, said Association of Mineworkers and Construction Union... →
Bushveld completes Vametco acquisition, progresses towards integrated vanadium platform
19th May 2017 Diversified mineral development company Bushveld Minerals has completed the acquisition of a 78.8% shareholding in Strategic Minerals Corporation (SMC), the ultimate holding company of Vametco Alloys, from the Evraz Group. Bushveld CEO Fortune Mojapelo notes that one of the acquisition highlights... →
Online platform developed to provide easy access to African countries’ mining laws
19th May 2017 The African Mining Legislation Atlas (AMLA) – a free, online platform and project developed by the World Bank – will be handed over to the African Development Bank’s (AfDB’s) African Legal Support Facility (ALSF) on July 1, and the ALSF will then be officially responsible for the day-to-day... →
New toolkit to help govts manage small-scale mining sector
19th May 2017 Governments struggling to manage the complex and sometimes chaotic artisanal and small-scale mining sector have a new toolkit, which was developed by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). IGF is a Canada-based, international member-driven... →
KZN coal mine supplying communities’ water needs and more, mulls output expansion
19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still a water scarce area of the country. Helping neighbouring communities survive this disaster, investment company Menar Holding’s... →
Evenly balanced year for platinum in 2017, supply deficits to continue
15th May 2017 The platinum market is expected to be broadly balanced over the year with a deficit of 65 000 oz forecast for this year. Above ground stocks are expected to end the year at 1.89-million ounces, which is a 3% decline on 2016 and in excess of 54% down from 2012 levels. →
South Africa’s newest iron-ore mine comes on stream
12th May 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... →
AMCU calls for greater local mineral beneficiation, nationalisation of mines
12th May 2017 The African National Congress- (ANC-) led government has failed to deliver meaningful economic empowerment for the oppressed working class majority and has instead given away South Africa’s strategic interests and resources to exploitative international monopoly capitalists, Association of... →
Former petrol attendant to probe perceptions of Mining Charter in PhD thesis
12th May 2017 Gold mining company Pan African Resources Evander Gold Mines human resources manager Mzwandile Anthony Maki outlined the early stage development of his PhD thesis entitled ‘Testing the Perceptions of the Effect of the Mining Charter in the Gold Mining Industry’ at an event in Johannesburg, last... →
DTI determined to support manufacturing sector
9th May 2017 To enhance industrial capabilities and ensure job creation in South Africa, government aims to adopt a strategy to leverage the scrap metals produced by and belonging to the State and State-owned companies to enhance the competitiveness of the local steel industry. This is according to Department... →
Manufacturing sector success key to achieving NDP goals, says Radebe
9th May 2017 There is an "urgent" need for government, labour and industry to revive South Africa's flagging economy and the manufacturing sector can play a key role in achieving that goal, said Minister in the Presidency for Planning, Performance, Monitoring, Evaluation and Administration Jeff Radebe. He was... →
Ten-times-stronger-than-steel lightweight graphene material developed
5th May 2017 A team of researchers at the Massachusetts Institute of Technology (MIT), in the US, says it has designed one of the “strongest lightweight materials” ever known, by compressing and fusing flakes of graphene into a two-dimensional (2D) form of carbon. The researchers describe the new material, as... →
Suricate Minerals seeks to unlock Mauritania’s untapped minerals potential
5th May 2017 Privately owned Mauritanian mining exploration company Suricate Minerals is making good progress on the exploration development of its quartz, barite, iron-ore and gold projects, in Mauritania, company executive director Ahmed Hertani tells Mining Weekly. Suricate will soon undertake a... →
Caledonia declares dividend, increases gold output 18% year-on-year
5th May 2017 Caledonia Mining Corporation, in line with its dividend policy, has declared a dividend of $0.01375 on each of the company’s common shares. Caledonia CEO Steve Curtis points out that notwithstanding a record level of capital investment in 2016 and the continued volatility in the gold price, the... →
Ex-prof says new rock mechanics book will deal with ‘incompleteness’ of existing texts
5th May 2017 The Southern African Institute of Mining and Metallurgy (SAIMM) has published a new rock mechanics textbook, which is entitled ‘Theoretical Rock Mechanics for Professional Practice’. Speaking at an event hosted by the SAIMM’s Johannesburg branch last month, author Matthew Handley elaborated that... →
Mission urges ‘imminent action’ to curb contamination from old Kyrgyzstan mine
5th May 2017 An environmental impact assessment (EIA) report on a former lead and zinc mine in the Sumsar industrial area, in Kyrgyzstan, which was undertaken jointly by international nongovernmental mine action organisation the Swiss Foundation for Mine Action (FSD) and the Agency for Tailings Management of... →
Master Blaster CEO takes issue with Frost & Sullivan findings on explosives
5th May 2017 The findings of a recent report by market research company Frost & Sullivan entitled ‘The Mining Explosives Market in South Africa for Coal, Iron Ore, Gold and PGMs, Forecast to 2020’ are technically and factually incorrect, contends blasting solutions provider Master Blaster CEO Mark Davis. In... →
AMCU celebrates Workers Day, sends signal to rivals saying politics not unions’ business
2nd May 2017 Workers Day is a time when South African workers come together in solidarity with workers worldwide to celebrate the gains made, while also calling for more improvements to the livelihoods and working conditions of labourers around the world, said Association of Mineworkers and Construction Union... →
AMCU decries government’s ‘failures’, calls for South Africa First approach
2nd May 2017 The African National Congress- (ANC-) led government has failed to deliver meaningful economic empowerment for the oppressed working class majority and has instead given away South Africa’s strategic interests and resources to exploitative international monopoly capitalists, Association of... →
Analysts paint sparkling picture of coloured gemstone market
28th April 2017 The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate... →
Consultancy offering miners ‘optimisation tools’
28th April 2017 In the current climate of constrained capital, clients in the mining sector are seeking ways to maximise returns while minimising exposure to risk, particularly those companies which need to make strategic decisions on potential investments, says engineering company WorleyParsons CEO Denver... →
Metso’s new crusher reduces costs, improves uptime by 10%
28th April 2017 Diversified engineering group Metso launched its new rock crushing technology at the Conexpo-Con/Agg 2017 industry event in Las Vegas, in the US last month. The Metso MX cone crusher is based on the company’s patented Multi-Action crushing technology, which combines the piston and rotating bowl... →
Heavy rainfall hits production at Namibia’s Tschudi copper mine
28th April 2017 Copper mining company Weatherly International (WTI) CEO Craig Thomas has provided an update for copper cathode production in the March quarter for the company’s Tschudi openpit copper mine, in Namibia. He says that as the mine’s openpits have progressed deeper, the proportion of mixed oxide and... →
SRK rated among SA’s top five consulting engineering firms
28th April 2017 Independent engineering and scientific consultancy SRK Consulting South Africa has been rated a top five company in South Africa’s consulting engineering, mining and infrastructure segment in the recent Top 500 Companies Awards. The awards survey over 3 000 businesses and honour those that excel... →
Analysts paint sparkling picture of coloured gemstone market
28th April 2017 The shift from small-scale artisanal mining to larger mechanised mining owing to the increasing involvement of larger mining companies and greater formalisation of the sector is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate, as... →
Junior iron-ore miner outlines ambitious aims, supports local steel production
26th April 2017 Junior iron-ore miner Manngwe Mining plans to expand its asset base and increase production at its existing operation over the next five years to provide integrated steel and mining company ArcelorMittal South Africa (AMSA) with between four-million and five-million tons of iron-ore a year.... →
Peru uranium/lithium mine to come on stream in 2020 – developer
21st April 2017 Project developer Plateau Uranium aimed to have its Macusani Plateau uranium and lithium project, in Peru, in production by 2020 to be prepared to take advantage of analysts’ forecasts of a uranium supply deficit by then, said president and COO Dr Laurence Stefan at a seminar hosted by the... →
Report highlights jobs and revenue impact of automation in mining
21st April 2017 Local communities and governments will lose jobs and tax revenues as mines become increasingly automated through the adoption of emerging technologies, such as self-driving trucks. This is according to the recently released ‘Mining a Mirage?: Reassessing the shared-value paradigm in light of the... →
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