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Katanga appoints new CEO, CFO after signing management services agreement with Glencore International
Published: 18 Jan 19
Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and enhance existing controls. Glencore International is a subsidiary of Glencore.
Aveng sells noncore Aveng Water business Aveng sells noncore Aveng Water business
Published: 18 Jan 19
JSE-listed Aveng will sell Aveng Water and the Aveng Namibia Water business to Cambrose 735, a special purpose vehicle incorporated as a private company, Infinity Partners, for the purpose of the transaction, for R95-million. Infinity Partners is a 100% black-owned company jointly held by E-Squared Investments and Aveng Water’s current MD Suzie Nkambule.
Roads Agency Limpopo accepts CEO's resignation
Published: 18 Jan 19
Provincial road infrastructure delivery parastatal Roads Agency Limpopo said on Friday it had accepted the resignation of CEO Maselaganye Matji with effect from March 31, for personal reasons. Matji was appointed on a five-year contract ending February 2020 after the agency was effectively returned from administration in early 2014 after a tumultuous period of lack of leadership, mismanagement and systematic collapse of corporate governance.
India’s SCCL firms up capex to spread operational hinterland
Published: 18 Jan 19
India’s Singareni Collieries Company Limited (SCCL) has drawn up plans for $1.40-billion capital expenditure over the next five years to extend its footprint beyond its traditional mining operations around the southern state of Telengana. The plan includes securing at least seven coal blocks in other states and ramping up its total coal production to 85-million tons a year by 2023, from 62-million tons a year at present.
No pleasantries as KZN consumers challenge Eskom’s proposed tariff increase
Published: 18 Jan 19
Instead of granting increases to Eskom’s “fat cats”, the state-owned energy supplier should be told to reclaim money stolen through corruption, representatives from the National Energy Regulator of South Africa (Nersa) were told on Thursday. “We propose a radical shift in how electricity is produced and we insist those who were party to the corruption which has undermined this parastatal be prosecuted. They must be put in jail,” said Desmond D’Sa, environmentalist and founder of the South Durban Community Environmental Alliance.
South Africa's platinum sector South Africa's platinum sector Has Video
Published: 18 Jan 19
This week Mining Weekly editor Martin Creamer delves into the Platinum sector to discuss the low price and why hydrogen and a value-chain relationship rebuild is needed.
MCA slams Northern Territory ‘mining tax grab’
Published: 18 Jan 19
The Minerals Council of Australia (MCA) has warned that jobs and investments in the resources sector were under threat from the Northern Territory government’s proposed Environment Protection Bill and Regulations. The draft legislation addresses the environmental impact assessment and approval framework; a separate legislative process will address the reforms to waste, pollution, land clearing and the environmental impacts of mining.
India mulls bringing natural gas under single unified tax regime
Published: 18 Jan 19
The Indian government has initiated moves to bring natural gas under the purview of Goods and Service Tax (GST) offering succor to a large number of gas-based power plants stranded by high-priced fuel. A Parliamentary committee on energy has batted in favour of including natural gas in the integrated pan-India GST structure. The committee notes that natural gas, as a clean energy source, should not be put at a disadvantage compared with other fuel, including coal, which is already under the integrated tax regime.
Leagold outlines plans for expanded Los Filos mine
Published: 18 Jan 19
The Los Filos gold mine in Mexico that Leagold bought from Goldcorp almost two years ago has the potential to be expanded to 350 000 oz/y, the Canadian company reported this week, announcing the results of an expansion feasibility study. The study incorporates the potential for the development of the Bermejal underground mine, enlarging the Los Filos openpit mine, rephrasing the Bermejal openpit into two distinct openpit and constructing a carbon-in-leach (CIL) processing facility to complement the existing heap leach facilities.
GBM adds to Mt Coolon resource
Published: 18 Jan 19
ASX-listed GBM Resources has updated the mineral resource estimate at its Mt Coolon gold project, in Western Australia, to include the Twin Hills gold deposits. A new Joint Ore Reserves Committee compliant mineral resource of 633 000 oz has been estimated for the two Twin Hill deposits, resulting in a 66% increase in the Mt Coolon gold resource, to 963 000 oz, at an average grade of 2.2 g/t gold.
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