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Aguia outlines reopening plans for Colombia's Santa Barbara mine

Published: 07 Jun 24

ASX-listed Aguia Resources has announced a comprehensive work programme for the reopening of the high-grade Santa Barbara gold mine, in Colombia. This update follows Aguia's successful takeover of Andean Mining, the 100% owner of Santa Barbara.

Kingsgate marks first gold pour at refurbished Chatree plant

Published: 07 Jun 24

Gold miner Kingsgate Consolidated has announced its first gold pour at the newly refurbished Plant #1 at the Chatree mine, in Thailand. The company reported on Friday that the first four doré bars were successfully poured, with both the elution circuit and the refurbished gold room operating smoothly.

New copper fund revives controversial product

Published: 07 Jun 24

Sprott has launched a $100-million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators. The new Sprott Physical Copper Trust started trading on the Toronto Stock Exchange on Thursday. Sprott, which already has successful funds backed by physical gold, silver, platinum, palladium and uranium, said in a prospectus that it would be “the world’s first physical copper fund.”

Brazil seeks $20.7bn from Vale, BHP over 2015 dam collapse

Published: 07 Jun 24

Brazil's government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109-billion reais ($20.74-billion) as reparations for a tailings dam collapse in 2015. The proposal is higher than a previous offer from the miners to pay the federal and local governments 72-billion reais to settle reparations for the disaster in the town of Mariana, Minas Gerais state.

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

Published: 07 Jun 24

Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut emissions.

Company uses card mechanism to incentivise safety

Published: 07 Jun 24

To address a multitude of workforce challenges, financial services company adumo Payouts advocates for the adoption by employers of behaviour-enhancing incentivisation for employees, and increased financial literacy among blue-collar workers in the mining, manufacturing and construction industries. The company‘s Premium iMali Card aims to create zero harm for employees across these sectors and become a de facto distribution mechanism for incentives. The card rewards employees for adhering to workplace compliance and safety regulations. It has been used by major mining companies, whereby employees have been rewarded for being conscious of their surroundings at work, and for promoting safe working areas.

Additives protect gears in industrial transmissions

Published: 07 Jun 24

Industrial equipment supplier BMG has introduced the Cera Tec high performance additives to its range of industrial lubricants. The additives offer significant resistance to high temperature and pressure, effectively protecting gears in various sectors, including sugar mills, mining, chemical plants, manufacturing, and general engineering. Developed by oils, lubricants and additives specialist Liqui Moly, Cera Tec is a micro-ceramic solid lubricant suspension based on hexagonal boron nitride (BN) in selected base oils. The lubricant reduces friction and protects the engine and transmission from wear, extending service life of assemblies, says BMG power transmission, agricultural, automotive and lubrication divisions business development manager Carlo Beukes.

Expo benefits from proven formula

Published: 07 Jun 24

Trade show organiser Specialised Exhibitions, a division of independent events organiser the Montgomery Group, says this year’s A-OSH EXPO – to be held from 11 to 13 June at the Gallagher Convention Centre, in Midrand – will follow a proven formula that continues to highlight the latest exhibitor products and services, “creating Africa’s most comprehensive source of occupational safety and health solutions” for many industries. The expo aims to provide an interactive forum for the suppliers of occupational safety and health (OHS) products and services, which will present these solutions to an audience that is actively seeking ways of mitigating risk and remaining compliant with regulations.

Eskom CFO calls for mechanism to ensure utility gets paid as municipal debt relief programme falters

Published: 07 Jun 24

Municipal debt remains one of Eskom’s biggest challenges, says Eskom CFO Calib Cassim. “At the end of March, we were sitting at around R75-billion of municipal arrears owing to us. That has grown in the last financial year in the region of R15-billion.

Plans for acceleration of Eskom’s transmission expansion falling into place – Scheppers

Published: 07 Jun 24

Eskom Transmission CEO Segomoco Scheppers says he believes the “pieces are falling into place” that will allow the power utility to “ramp up and move faster” in expanding the country’s constrained power grid. Grid expansion will enable Eskom and independent power producers to bring much-needed new generation capacity online.