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Kibo’s shares rise as Mbeya coal mine recommended for special mining licence
Published: 26 Sep 18
Aim- and JSE-listed Kibo Energy’s share price on the LSE increased by 10.69% on Wednesday morning after the company announced that the Mbeya coal mine, which comprises the mining component of the Mbeya coal-to-power project (MCPP), has been recommended for the grant of a special mining licence (SML) from the Mining Commission of Tanzania. Kibo has also submitted a request to the Tanzania Electricity Supply Company (Tanesco) for further clarification on the potential impact of the tender process for coal power projects on Kibo’s ongoing power purchase agreement negotiations with Tanesco.
Mantashe to unpack finalised Mining Charter on Thursday
Published: 26 Sep 18
Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter. The long-awaited release of a renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed that it had been approved by Cabinet.
Coal India offers assured volumes to fuel-starved captive power plants
Published: 26 Sep 18
Throwing a lifeline to fuel-starved captive thermal power plants, Coal India Limited (CIL) has offered assured yearly supplies of dry fuel for a period of five years with volumes allocated through e-auctions. CIL has communicated to captive power plants operated by various industries like steel, cement and aluminium that the miner will make guaranteed supplies of 17.5-million tons a year of coal for the next five years through the e-auction route.
Lasher, a heritage of helping South Africa to grow Has PDF
Published: 25 Sep 18
Whether you’re talking construction or gardening and DIY, mining or agriculture, Lasher makes the tools that help South Africa to grow With more than 100 years of designing, manufacturing and distributing tough, reliable tools built for the South African market by South Africans, Lasher has played an important role in this country’s heritage, as well as its economy.
Savannah buys lease extending Mina do Barroso
Published: 25 Sep 18
Aim-quoted Savannah Resources has completed its technical and legal due diligence process with a private company Aldeia & Irmão, and executed an agreement to purchase a mining lease application covering areas of land bordering the Mina do Barroso lithium project, in northern Portugal. The Aldeia licence has the potential to expand the company’s current mineral resource base, providing an opportunity to extend the Mina do Barroso’s mine life of 11 years and it could potentially increase processing rates.
SEW clinches major order for five M-Series industrial gear units for West African mine Has PDF
Published: 25 Sep 18
Having an in-house Projects Department to focus on the specific requirements of project houses, OEMs, and other tender-related project activity is starting to bear fruit for drive and automation specialist SEW-EURODRIVE South Africa, which has clinched a major order for five M-Series industrial gear units for a mining operation in West Africa. The Projects Department, headed up by Andreas Meid, with Pat Marquez as Project Sales Coordinator and Brett Weinmann in charge of Project Sales Development, oversaw this entire project from receipt of the initial order to successful installation and commissioning at the mine, in addition to any back-up service and technical assistance required.
Why Are More Mines Integrating Renewables? Has PDF
Published: 25 Sep 18
By Melodie Michel, Energy and Mines Rob Schueffner, Hybrid Energy Solutions Manager for Caterpillar Electric Power, explains how the financial benefits and reliability of renewable energy solutions available for mines today are quickly matching the environmental benefits.
Domestic Manufactures Must Work Together To Survive
Published: 25 Sep 18
The global trade war between two of the world’s largest economies has the potential to render global growth less synchronised, less certain and less supportive of emerging economies. Moreover, weaknesses in the global economy would make it even more difficult for South Africa to accelerate its fortunes and for the metals and engineering (M&E) cluster, the mining and construction sectors and the auto manufacturing industries to maximise their potential, Steel and Engineering Industries Federation of Southern Africa Chief Economist Michael Ade said this afternoon. Speaking at the Southern African Metals and Engineering Indaba, Dr Ade said the four sectors needed higher growth levels underpinned by better productive efficiency. He also said that instead of continuously depending on government to boost demand via various interventions, stakeholders in these sectors needed to rally to support each other.
Barrick and Shandong announce $300m cross investment
Published: 25 Sep 18
Gold major Barrick Gold, which on Monday announced a $18.5-billion merger with Randgold Resources, has reached a cross investment agreement with China’s Shandong Gold, which executive chairperson John Thornton said further deepened the partnership between the two companies. Under the agreement, Shandong will purchase up to $300-million of Barrick shares, and Barrick will invest an equivalent amount in shares of Shandong Gold Mining Co, a publicly listed company controlled by Shandong Gold.
Great Panther adds Brazil mine to portfolio with $105m Beadell buy
Published: 25 Sep 18
TSX-listed Great Panther Silver has announced that it will acquire ASX-listed Beadell Resources, which owns the Tucano gold mine in Brazil, in an all-scrip deal. The transaction will create a new “growth-oriented precious metals producer” focused on the Americas, with a portfolio of three producing mines, an advanced stage project and exploration potential in Mexico, Peru and Brazil.
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