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Resignation will not absolve Pita from accountability – DPE Resignation will not absolve Pita from accountability – DPE
Published: 20 Apr 18
The resignation of Garry Pita as CFO of State-owned Transnet does not absolve him of accountability should he be found to have had a role in the alleged corruption at Transnet, the Department of Public Enterprise (DPE) said late on Thursday. Pita on Thursday resigned after 12 years at Transnet, stating that it was in the interest of his health and his family.
Africa's last absolute monarch renames Swaziland as eSwatini
Published: 20 Apr 18
Swaziland's King Mswati III, Africa's last absolute monarch, said on Thursday he was officially renaming the country as the Kingdom of eSwatini. He announced the change to eSwatini, meaning "land of the Swazis", in the local Swati language at Golden Jubilee celebrations of the fifteeth anniversary of Swazi independence and of his fifteeth birthday.
Trump's latest plan for saving coal comes from the Cold War
Published: 20 Apr 18
Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using the same statute to keep struggling coal and nuclear power plants online, according to four people familiar with the discussions who asked for anonymity to discuss private deliberations.
Toro hunting for gold at Wiluna
Published: 20 Apr 18
Uranium developer Toro Energy has told shareholders that it was evaluating other avenues to extract value from its Wiluna project, in Western Australia, given the current suppressed uranium price. The ASX-listed company said on Friday that it was assessing Wiluna’s prospectivity to host other metals, most notably gold.
Bassari readies for Makabingui development
Published: 20 Apr 18
ASX-listed Bassari Resources has announced the creation of special purpose vehicle Makabingui Gold Operation, which would develop the Makabingui gold project. Bassari on Friday reported that the new company, which would act as a subsidiary of Bassari, was formed after final government approval was granted for the development of the Makabingui project.
Koolan Island economics improve on reserve increase
Published: 20 Apr 18
Iron-ore miner Mount Gibson has reported a more than 50% increase in the ore reserves at its Koolan Island project, off the coast of Western Australia. The ASX-listed company on Friday said that the main deposit ore reserve had increased to 21-million tonnes, grading 65.5% iron, extending the mine life to over five years, up from its previous three-and-a-half years.
Alligator takes full ownership of Beatrice project
Published: 20 Apr 18
Uranium explorer Alligator Energy has struck a deal with Cameco Australia to acquire its remaining 41.65% interest in the Beatrice project, in the Northern Territory, consolidating its own interest in the project. The purchase consideration has been structured with a nominal up-front cost, and the granting of a 15-year option to Cameco, which enables the buy-back into the project on the discovery and definition of a Joint Ore Reserves Committee (Jorc) compliant resource of 100-million pounds or more of uranium oxide.
Miners warn new NT royalty proposal to hurt investment Miners warn new NT royalty proposal to hurt investment
Published: 20 Apr 18
The resources sector has warned the Northern Territory government that adjustments to its royalty system could hamper investment in the region. Northern Territory Treasurer Nicole Manison on Friday announced the introduction of a hybrid royalty scheme as part of the territory government’s plans to increase revenue after more than A$800-million in critical funding was lost owing to cuts in goods and services tax payments.
Siemens donates digital wall to Amplats’ Randfontein training centre
Published: 20 Apr 18
Technology solutions provider Siemens donated a digital wall, featuring Siemens’ latest generation mineral processing system hardware and software to the Anglo American Platinum (Amplats) Engineering Skills Training Centre (ESTC), in Randfontein, Gauteng, last month. The centre was established in 1984 and provides engineering skills training for engineering employees including learnerships, apprenticeships, artisan short courses, as well as foremen development, planned maintenance and other specialised short courses.
Hoisting mechanism offers increased productivity Hoisting mechanism offers increased productivity
Published: 20 Apr 18
Engineering, equipment and service solutions supplier FLSmidth has developed an “innovative” skip discharging mechanism for vertical mine shafts – an alternative solution that can increase hoisting capacity and reduce hoisting duty cycles as well as maintenance time and costs, FLSmidth commercial manager Terence Osborn tells Mining Weekly. He notes that this solution forms part of the company’s dedication to innovation, and the continuous introduction of new products and solutions to the market, as well as increasing production and reliability at mine sites.
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