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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.
Difficulties continue for Afarak in Q3
Published: 16 Nov 18
Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further, leading to lower revenues on a quarter-on-quarter and year-on-year basis.
India state may cancel NMDC's Donimalai mine lease in levy dispute
Published: 16 Nov 18
The government of India's Karnataka state on Friday warned NMDC that it will cancel the lease of its Donimalai iron-ore mine if the State-owned miner refuses to pay an additional levy on the sale of its ore. Karnataka's threat to cancel the lease stems from a dispute between NDMC, India's biggest iron ore miner, and the state government over its decision to impose an 80% premium on ore sales from Donimalai.
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.
Epiroc supports Kimberley Ekapa Mining in South Africa on their digitalization journey Has PDF
Published: 12 Nov 18
Mobilaris Mining Intelligence (MMI) from Epiroc enables superior situational awareness to oversee a mining operation in all its complexity. Kimberley Ekapa Mining will use MMI to embrace mine digitalization and create a superior decision support system to proactively enhance safety and increase productivity. With the use of MMI, Kimberley Ekapa Mining will be able to track assets in real-time; to integrate and visualize machine data, machine location and the shift plan together to close the loop between the plan and the reality.  “MMI will help us start to modernize our old diamond mine and be the tipping point in terms of production optimisation.” said Howard Marsden, General Manager of Kimberley Ekapa Mining. “It will allow us to tag and keep better track of our mining personnel and equipment and give us access to real-time data, which will shed some light into the normally dark world of the underground mine.
Omnia shares fall as it warns of interim loss
Published: 12 Nov 18
Local chemicals company Omnia Holdings’ share price on the JSE fell by more than 16% on Monday after it announced that it expects to swing to a loss a share for the six months to September 30. It expects to report a loss a share of between 85c and 170c, compared with the earnings a share of 423c reported for the six months to September 30, 2017.
Iamgold says growth projects robust as third-quarter output slips
Published: 07 Nov 18
Canada-based Iamgold has a robust pipeline of development projects and is looking to bolster its credit facility to facilitate its growth strategy, president and CEO Steve Letwin said on Tuesday, after reporting lower third-quarter production and revenue. The company, which operates mines in the Americas and Africa, is in advanced discussions with a syndicate of lenders to increase its existing credit facility from $250-million to $500-million to provide additional flexibility to execute its growth plans. The facility is expected to close before the end of the year.
Thermaspray brings 360° coating solutions with the introduction of Laser Cladding technology Has PDF
Published: 07 Nov 18
Thermaspray proudly introduces laser cladding technology in a bid to offer customers a 360° coating product and service solution. “As one of South Africa’s leading surface engineering specialists, we boast an extensive range of coating and welding solutions including thermal spray coatings, polymers and PTA cladding. So, the addition of laser cladding technology was simply a natural progression,” states Thermaspray’s Managing Director, Dr. Jan Lourens. “Our recent investment in a fiber-coupled diode laser makes us one of only a very few companies in South Africa with laser cladding capabilities and we are extremely excited to bring this technology to our customers.”
Alamos meets quarterly guidance
Published: 02 Nov 18
Canada-based Alamos Gold produced 124 000 oz of gold in the third quarter, which is in line with its guidance and 16% above the third quarter of 2017, reflecting the inclusion of the Island Gold mine, which it bought earlier this year. Year-to-date production hit a record of 379 400 oz – 23% increase from the same period in 2017 – and positions the company well to achieve its full-year guidance of 490 000 oz to 530 000 oz.
Australian miners embracing automation in quest for improved safety, efficiency Australian miners embracing automation in quest for improved safety, efficiency
Published: 02 Nov 18
While the phrase ‘automation’ might evoke visions of a Schwarzenegger-esque future in which machines rise up to take over the world, it has come to have a distinctly different connotation in Australia. From drones being used to safely map, survey and explore mining operations to autonomous trains hauling millions of tonnes of ore over thousands of kilometers, automation has become the new fixation for Australian miners.
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