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Barrick Gold eyes assets, exploration as it plots new phase
Published: 17 Nov 18
Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans for exploration, expansion, streamlining and asset sales at an investor presentation in London.
Upcoming protest not the first amid talks of transition away from coal – SAWEA
Published: 16 Nov 18
The South African Wind Energy Association (SAWEA) has defended the industry’s job creation potential. This comes ahead of a peaceful march by the National Union of Mineworkers (NUM), which is planned for November 17, to protest potential job losses in the coal-fired power generation sector as a result of South Africa’s plans to increase its use of renewable energy sources.
India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining
Published: 16 Nov 18
With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by the governments of Jharkhand, Chhattisgarh and Madhya Prades.
South African company building new smelter in Zimbabwe
Published: 02 Nov 18
Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was awarded the contract for the new smelter last year by Amplats, owing to a government regulation set out in 2015, which replaces the Mines and Minerals Act of 1963, restricting the exportation of raw minerals from Zimbabwe. The new regulation – the Mines and Minerals Development Bill – was approved in 2016 by then President Robert Mugabe, who was replaced by President Emmerson Mnangagwa in November 2017.
Vacuum truck recovers raw materials
Published: 02 Nov 18
Industrial services company Dickinson Group has successfully concluded a mineral recovery and clean-up contract at an international copper smelter, using the Koks Cyclovac - a heavy duty industrial vacuum truck. Since the clean-up started in May 2016, the facility attained an additional 8 400 t of material as the recovered material was put back into the production process.
Project management service provider achieves Level 4 B-BBEE
Published: 02 Nov 18
Inspection, verification, testing and certification company SGS has announce that its South African mineral project management division SGS Bateman Engineering Services achieved a Level 4 broad-based black economic empowerment (B-BBEE) status in September. B-BBEE is a legislative initiative to increase ownership, management and employment of black people in the South African economy. In addition to B-BBEE Level 4 status SGS Bateman received notification confirming recommendation for recertification in accordance with the new ISO 9001 requirements. These certifications will allow SGS to continue to grow and contribute towards the socioeconomic development of South Africa.
New tech ensures safety at underground mines
Published: 02 Nov 18
With the death toll in South African mines this year having reached 54, dynamic company Advanced Communications has sourced advanced radios, which use the mine’s existing metallic and conductive infrastructure, to create reliable communication paths underground that extend for kilometres. Mine safety is of grave concern in South Africa, with Mineral Resources Minister Gwede Mantashe calling on mines to dramatically improve safety for miners.
Northern Star’s Beament caps off golden year with Legend Award
Published: 01 Nov 18
Northern Star Resources Executive Chairman Bill Beament has capped of a remarkable period of success for the company by being awarded the Mines and Money Legend in Mining at the International Mines and Resources Conference in Melbourne. Mr Beament joins industry luminaries such as Andrew Forrest, Robert Champion de Crespigny and Jake Klein in receiving the prestigious award, which recognises exceptional contributions and performance in Australia’s mining industry.
Shipping delay hits Copper Mountain Q3 results
Published: 01 Nov 18
The share price of Vancouver-based miner Copper Mountain fell to a 52-week low on Wednesday, after the company posted a third-quarter adjusted loss of C$8.31-million, after a shipping delay and lower prices hit revenue. The company explained that its revenue fell from C$77.15-million in the September 2017 quarter to C$60.72-million in the three months under review, after a shipping delay at the Port of Vancouver resulted in 1.1-million pounds of copper, 440 oz of gold an 4 000 oz of silver not being recorded in the quarter.
Cradle Arc raises £396 000
Published: 31 Oct 18
Aim-listed Cradle Arc has raised £396 000, before expenses, by way of a conditional placing of 44-million new ordinary shares of 0.01p each in the capital of the company at a price of 0.90p a placing share. The proceeds of the placing will be used alongside the funding from the $2-million loan facility provided to the company’s 60%-owned subsidiary Leboam Holdings, by PenMin Botswana, to complete the rehabilitation and improvement of the current processing facilities at the Mowana copper mine.
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