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Codelco eyeing more output, not competition with BHP, Chile's mining minister says
Published: 19 Apr 24
Chile's State-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile's top producer to rival BHP, Mining Minister Aurora Williams said on Thursday. Codelco, the world's largest copper producer and a symbol of national pride, is aiming this year to reverse two years of falling production in a bid to not only boost profits but also buttress Chile's sway over global markets.
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Codelco eyeing more output, not competition with BHP, Chile's mining minister says
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Firm acquires German heat exchanger producer
Published: 19 Apr 24
Multinational boiler manufacturer Nexson Group says its acquisition of German quality-plate heat exchanger manufacturer Thermowave GmBH as a stand-alone entity will strengthen and complement its portfolio, particularly Thermowave’s gasketed and semi-welded plate heat exchangers, which the group notes as key process components with technological superiority and innovation. Thermowave was a part of leading Germany-based refrigeration components provider, Gunter Group.
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Metair reassures market amid huge debt, challenges at Türkiye battery business
Published: 19 Apr 24
Metair is still very much open for business and the group is able to accommodate new clients should they need automotive components or energy storage solutions, says new CEO Paul O’Flaherty. O’Flaherty, now two months into the job after former CEO Sjoerd Douwenga bowed out, owing to health reasons, comes to Metair with executive experience at companies such as Absa, Group Five, ArcelorMittal and Eskom.
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Metair reassures market amid huge debt, challenges at Türkiye battery business
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Fibre optic cables improve monitoring, safety
Published: 19 Apr 24
Innovative applications of fibre optic cable technology can provide a proactive solution to detect potential tailings storage facility (TSF) risks and improve protection of the associated environment, thereby vastly improving monitoring solutions, reports test and measurement solutions specialist TANDM. With a focus on enhancing leak detection, strain monitoring and TSF security measures, TANDM’s technology improves TSF management efficiency and safety in the mining industry.
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Tailings equipment security, integrity spotlighted
Published: 19 Apr 24
The industries involved in tailings retreatment and the rehabilitation of tailings storage facilities (TSFs) are increasingly moving towards more sustainable and socially responsible practices, which are driven by technological innovation, says installation and monitoring of instrumentation specialist Terra Monitoring senior geotechnician Schalk Prinsloo. However, TSF operators have to navigate a myriad of challenges while having to ensure such facilities are safe and conform to industry integrity standards, which, in turn, are also becoming more stringent because of several high-profile incidents in recent years.
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Tailings equipment security, integrity spotlighted
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Tailings to meet critical minerals demand
Published: 19 Apr 24
The growing demand for clean energy technologies is anticipated to drive an increase in production of minerals, such as graphite, lithium and cobalt, with a portion of this demand being able to be met through the remining of tailings dumps containing those minerals, reports mine modelling solutions company IMDEX. International financial institution the World Bank estimates that more than three-billion tonnes of minerals and metals will be needed for the wind, solar, geothermal power and energy storage requirements of projects to be built to meet carbon reduction targets.
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Will the Zimbabwe Gold, or ZiG, restore currency confidence?
Published: 19 Apr 24
The heightened sense of urgency within Zimbabwe’s government to act as the country’s currency crashed – losing 90% of its value since the beginning of the year – was there for all to see in the past few weeks. The latest tell-tale sign was the assumption of office of the new central bank governor on March 28, a month earlier than the scheduled departure of his predecessor, to expedite the launch of a new unit. Unveiled on April 5 and set to enter into circulation by month-end, the Zimbabwe Gold (ZiG) is described by the Reserve Bank of Zimbabwe (RBZ) as a “structured currency” that is backed by $285-million worth of reserve assets comprising $100-million in greenbacks, 1.1 t of gold in the bank’s vaults and an additional 1.5 t held abroad, as well as other precious metals.
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Will the Zimbabwe Gold, or ZiG, restore currency confidence?
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Concurrent rehabilitation improves community relations
Published: 19 Apr 24
Midtier gold miner Pan African Resources’ concurrent rehabilitation at its Mogale tailings retreatment (MTR) project, located at the Mintails site, near Mogale City in Krugersdorp, Gauteng, is taking the steps required to repair relations with community stakeholders while ensuring value for the company and reducing damage to the environment. Through concurrent rehabilitation, as the miner processes old tailings dumps, areas are reclaimed and rehabilitated, thereby ensuring a greater availability of land for alternate uses, including for industrial, housing, agriculture and renewable energy projects, among other uses. The removal of legacy tailings dumps will also reduce the dust pollution which has been prevalent in the area for a number of years, as well as improve the ground water quality over time, as determined by expert independent studies, says Pan African investor relations head Hethen Hira.
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Equipment mobilised to prospect Cameroon target
Published: 19 Apr 24
West Africa-focused explorer Oriole Resources has mobilised drilling equipment to explore its 82.2%-owned Bibemi orogenic gold project, in Cameroon, where a Phase 5 diamond drilling programme is planned for the second quarter of this year. Historically, the company reported a pit-constrained mineral resource estimate (MRE) for the Bakassi Zone 1 prospect of 5.1-million tonnes grading 2.3 g/t gold, for about 375 000 oz in the Joint Ore Reserves Committee inferred resources category.
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Driller foresees revenue boost with strong order book
Published: 19 Apr 24
Boring and drilling services provider Master Drilling is optimistic its revenue for this year will improve on the back of a strong order book, the company reported during its 2023 full-year results presentation, held last month. Master Drilling COO Roelof Swanepoel reported that the company’s order book was currently confirmed at $168-million with a further $90-million awaiting adjudication.
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HySHiFT sustainable aviation fuel project, South Africa – update
Published: 19 Apr 24
Natrium reactor demonstration project, US – update
Published: 19 Apr 24
Rooiwal Waste Water Works repair and upgrade, South Africa – update
Published: 19 Apr 24
The heightened sense of urgency within Zimbabwe’s government to act as the country’s currency crashed – losing 90% of its value since the beginning...
GAC Motor joins inflow from China
Published: 19 Apr 24
China’s GAC Motor has appointed Salvador Caetano Auto as the distributor and retailer of GAC vehicles, spare parts and related services in South...
