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Thiess wins A$1.2bn mining contract
Published: 15 Oct 18
Mining major BHP has awarded project house Cimic’s global mining services provider, Thiess, with a A$1.2-billion contract at the Mt Arthur coal operation, in the Hunter Valley. The new five-year contract builds on Thiess’ existing agreement, and expands the scope of the contract to include additional services such as mine operator of the southern end of the Mt Arthur operations.
Mining at Gruyere to start in November
Published: 15 Oct 18
The Gruyere gold project, in Western Australia, remains on schedule to produce its first gold in the June quarter of next year. Joint venture (JV) partners Gold Road Resources and Gold Fields on Monday revealed that the overall project engineering was about 96% complete at the end of the September quarter, while project construction was 71% complete.
Glencore’s Hail Creek restructuring hits 400 jobs Glencore’s Hail Creek restructuring hits 400 jobs
Published: 15 Oct 18
Diversified miner Glencore has announced plans to ‘reconfigure’ its Hail Creek coal mine, in Queensland, resulting in nearly 400 job losses. The miner announced that the two-dragline operation would be reconfigured into a truck-and-shovel mine, with a seven-day on, seven-day off roster. The restructure would decrease the workforce from the current 1 360 to 930 by the time the changes are fully implemented in the second half of 2019.
Evolution’s quarterly gold output dips, costs rise
Published: 15 Oct 18
Gold miner Evolution Mining has reported another solid quarter, producing 200 218 oz during the three months to September. The September quarterly production was slightly below the 202 254 oz produced in the June quarter.
TNPA tests helicopter service at Cape Town port
Published: 15 Oct 18
Transnet National Ports Authority (TNPA) is exploring options to introduce a helicopter service at its Port of Cape Town to assist with operations during major swells and to increase the availability of service during stormy conditions. With Cape Town having been plagued recently by weather-related disruptions and high swell conditions, it has impacted on port operations and the use of pilot boats to transfer marine pilots onto and off vessels, a statement said on Monday.
Seifsa elects ‘most transformed’ board to date
Published: 15 Oct 18
Arabela Holdings executive chairperson Elias Monage has been elected president of the Steel and Engineering Industries Federation of Southern Africa (Seifsa) and chairperson of its board of directors, with effect from October 12. Monage was elected president during Seifsa’s seventy-sixth annual general meeting on Friday.
Osisko’s acquisition of Beaufield to close by end of the week
Published: 15 Oct 18
The takeover of Beaufield Resources by Osisko Mining is likely to close on Friday, following last week’s shareholder approval, in which 98% of shareholders present at a meeting voted in favour of the transaction. The completion of the arrangement, announced in August, remains subject to the satisfaction of all conditions, including the final approval of the Superior Court of Québec. The hearing for the order to approve the arrangement is scheduled for Monday.
Detour offers Paulson seat on board, 'disagreed' on sale
Published: 15 Oct 18
In an effort to ease an increasingly acrimonious standoff with one of its investors, Detour Gold says it’s offering Paulson & Co. a list of concessions, including a spot on the board and a pledge to consider any “new” ideas the hedge fund brings forward. “We know the heavy expense and distraction of a proxy fight is not in the best interests of Detour Gold,” Detour chairperson Alex Morrison said in a letter dated Tuesday addressed to billionaire John Paulson, which was emailed to Bloomberg. “This is why we are writing to you today with a settlement offer that we believe is fair and reasonable.”
AfriCanopy to deploy low-cost Internet to rural KwaZulu-Natal in TV white space trial
Published: 15 Oct 18
The Independent Communications Authority of South Africa (Icasa) has approved plans for telecoms start-up AfriCanopy to embark on an eight-month commercial trial of television white space (TVWS) devices. AfriCanopy will now deploy high-speed, low-cost broadband using its new telecoms technology to the 85 000 residents of the King Cetshwayo municipality, in KwaZulu-Natal, as well as provide free Internet access to about 50 rural schools across the region.
Centerra sells Mongolia mine and project for $35m
Published: 15 Oct 18
Canada-based Centerra Gold has sold its Mongolian business unit to private equity firm OZD Asia for $35-million, in a move that CEO Scott Perry describes as a portfolio enhancement. The company’s Mongolia assets include the Boroo mine and processing plant, as well as the Gatsuurt project.
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